LONDON, Feb 20 (Reuters) - German utility E.ON has opened all eight gas storage caverns at its new Holford storage facility in Britain, the company said on Wednesday.
Two final caverns came into operation earlier this month, completing a seven-year construction and commissioning period at the site in Cheshire.
E.ON's Holford gas storage site can now inject and withdraw up to 22 million cubic metres per day (mcm/d) and has space to store 160 mcm of gas.
Noble Clean Fuels last year signed a five-year contract to lease all of the storage capacity at Holford.
E.ON's gas storage business operates storage capacity of over 12 billion cubic metres (bcm) in Germany, Austria, Hungary and Britain.
Gas storage operations have become less profitable in recent years as the incentive to buy gas in summer for sale in winter has deteriorated with the shrinking spread between summer and winter gas prices. (Reporting by Karolin Schaps; Editing by Alison Birrane)