UK Oil and Gas (UKOG) has decided to relocate its hydrogen salt cavern storage project from Portland, Dorset, to a new undisclosed facility near Weymouth in the UK. The new site, located west of Weymouth, will incorporate 24 salt caverns at -1.3km and is expected to offer a 36% reduction in CAPEX costs compared to the original Portland facility, resulting in cost savings of £450m ($559m). The relocation is driven by superior geological conditions at the new site, enabling larger caverns and simpler storage methods. Additionally, the proximity to a planned hydrogen pipeline development by SGN could enhance government revenue support and strategic advantages. Plans for a green hydrogen pilot plant directly linked to the storage site are also being explored. UKOG aims to start construction of the new facility by 2030, pending regulatory approvals and financing. The specific location is undisclosed due to ongoing landowner negotiations, with operational salt caverns projected to be functional between 2030 and 2032. This strategic move aligns with UKOG's focus on more competitive projects and simplified operating technologies, positioning the company well for government support in the upcoming hydrogen storage procurement process.