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(Sharecast News) - EnergyPathways updated the market on its operational and strategic progress at the Marram gas project on Monday, saying it expected the outcome of its outstanding licence applications in the first half of this year.
The AIM-traded firm said progressive engagement with regulators was intended to fast-track development at Marram.
Significant strides were reported in front-end engineering design (FEED) workstreams, including discussions with infrastructure hosts.
EnergyPathways said it was developing a fully electrified Marram subsea development concept, aiming for 100% renewable energy use, in line with government energy strategies.
A longer-term strategy would involve establishing a clean energy hub in the UK Irish Sea region, tapping into gas resources, wind energy, and geo-storage reservoirs.
The board said the North Sea Transition Authority (NSTA) now expected to announce the outcome of EnergyPathways' licence application in the second quarter.
EnergyPathways said it was continuing to engage with regulators, and had submitted requests for Marram's field development plan approvals.
Marram was progressing towards final investment decision, with ongoing environmental assessments and risk evaluations.
The company added that it participated in the Offshore Energies UK Share Fair conference, adding that engagements with authorities, stakeholders and infrastructure hosts were ongoing.
Technical teams were…