Gas will be produced at Centrica Energy's North Morecambe platform and piped back to Barrow.
By contrast, Centrica is keen to invest in nuclear plants right away, without any subsidy.
Energy companies such as Centrica and EDF, a French firm, are re-evaluating their British renewables projects.
Centrica said "the project costs in new nuclear have increased and the construction timetable has extended".
Centrica has withdrawn from the UK's nuclear re-building programme because of increasing costs and delays.
Without Centrica's investment, the companies behind the projects are likely to have to find alternative backers.
On Monday, Centrica withdrew from the UK's nuclear rebuilding programme because of increasing costs and delays.
Such worries could explain why Centrica, a British electricity firm, has repeatedly been linked to the sale.
The European Gas Advocacy Forum, which is made up of eight gas companies - Centrica, ENI, E.
For example, Centrica, which trades as British Gas, thinks that some electricity companies have dragged their feet.
Gazprom now denies it was ever interested in Centrica and the implication that contracts were in jeopardy.
Centrica's 20% interest in the eight existing nuclear power stations in the UK is unaffected by the decision.
Centrica has already announced proposals to demolish the Roosecote station and replace it with a larger biomass facility.
The backlash erupted in the U.K., amid speculation that Gazprom was interested in purchasing Centrica, a British gas company.
Unlike most retailers, Centrica sells stuff, energy, that we all have to buy.
Centrica's 20% share of the pre-development expenditure will be written off as an exceptional cost in the group's 2012 results.
Expect the Russians to go for other utilies like Centrica, along with some of the most prize industrial assets of Europe.
But in February, Centrica, which owns British Gas, withdrew from the UK's nuclear re-building programme because of increasing costs and delays.
BBC: Nuclear power: UK will get help to compete, say ministers
To put it another way, Laidlaw says Centrica needs to generate the extra dosh to maintain and improve its supply network.
Failure to understand this is why a long-term Centrica deal fell through.
You also have tobacco concern BAT UK, mobile phone company Nokia, publisher Wolters-Kluwer and utilities like Centrica, Endesa and Enel, UBS says.
The independent inquiry into the collapsed tendering process was led by Sam Laidlaw, chief executive of Centrica, the owner of British Gas.
They have renegotiated that contract with Centrica and we are happy that is what is being delivered through to Northern Ireland customers.
BBC: NEWS | UK | Northern Ireland | Gas users face major price rise
The company behind the development is Celtic Array, formed by Centrica - which owns British Gas - and Danish firm Dong Energy.
Head of development for Centrica Energy Laura Jeffs said the company is aware of, and will continue to listen to, Manx concerns.
Mark Hanafin, managing director of Centrica Energy, said the tax hike "could have a chilling impact on future investment in the North Sea".
BBC: Budget 2011: Oil firms warn jobs will go after tax hike
Centrica's intention had been to get involved in the two new reactors at Hinkley Point, in Somerset, and two at Sizewell, in Suffolk.
Centrica is explicit that there will be an indeterminate delay to the building of new nuclear power plants following the Fukushima disaster in Japan.
Centrica said the deal would allow the AA to to build on its core strategy of providing essential motoring services for members and other motorists.
However, we are not talking about boom times ahead for Centrica.
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