Kistos, a low carbon intensity hydrocarbon producer, agreed to acquire the UK oshore gas storage assets from EDF Energy, an integrated energy company, for £25m. "Our entry into the gas storage market marks another advancement in our growth strategy to expand the business through value-accretive acquisitions. Not only do these assets complement our upstream UK assets, but they also diversify our presence across the energy value chain with a foothold in the midstream market. We look forward to benefitting from the experience of the existing team at these sites as we assume operatorship. Their specialist expertise will be highly valuable as we seek to maximise the potential of the assets and evaluate all options to expand operations via other energy storage sources such as compressed air or hydrogen. In essence, Kistos will own one of the most flexible "batteries" in the UK, vital for energy security and supply," Andrew Austin, Kistos Chairman.