Regulatory uncertainty

29th July 2010

Centrica announced on 28th July 2010 that as a result of regulatory uncertainty the company had decided not to proceed with the Caythorpe Gas Storage Project at the current time. Although this means that the final investment decision on the project will be delayed, preparatory work at the site will continue so that if the project is sanctioned at a later date then it will be able to proceed quickly. Over the coming months the early civil works will commence which will include the construction of the access road to the wellsite and the bridge crossing of the Gypsey Race.