Centrica announce North East gas storage facility to re-open

As threats to the UK's gas storage in the North East are eased, could this suggest a likely drop in gas prices?

Nina Chestney has taken a look at the latest Centrica announcement in Reuters today, read it here.

Read the article >

Centrica's Rough storage

Centrica's Rough storage

Britain depends on stored reserves to help manage winter demand spikes and to ensure security of supply. The Rough site accounts for more than 70 percent of the country’s storage capacity, National Grid data shows.

There were fears Britain could go into next winter with very low levels of gas stocks, because if only four wells returned to service, the site would have a maximum withdrawal rate of around 5 million cubic metres (mcm) per day.
— Nina Chestney, Reuters