The company, which owns energy supplier British Gas, said the UK now has less than a week’s worth of demand for gas in store.
"Ongoing colder-than-usual conditions in the UK combined with the end of Russian gas pipeline supplies through Ukraine... has meant that gas inventory levels across the UK are down," Centrica, owner of British Gas, said in a statement. Such a "perfect ...
Centrica said the UK “has less than a week of gas demand in store” and that Britain’s storage sites are 26 per cent lower than they were at the same time last year, leaving them around half full. Gas supplies have come under strain after a cold snap across the UK and the end of Russian gas pipeline supplies through Ukraine at the end of last month.
Ukraine war exposed Europe’s vulnerability to supply interruptions and price volatility, prompting questions over UK’s storage infrastructure
Centrica Plc says that the UK’s gas reserves are at “concerningly low” levels as freezing temperatures grip the country, boosting demand for heating.Most Read from BloombergWhat Robotaxis Brought San
The company has said that the UK now has less than a week's worth of demand for gas in store, a concern as the cold weather snap continues. | ITV National News
Gas inventory levels have come under pressure from the cold weather conditions and the end of Russian gas pipeline supplies through Ukraine at the end of last month. Centrica boss Chris O’Shea ...
The UK has less than a week of gas reserves, with storage at “concerningly low levels” amid a cold snap, said British Gas owner Centrica on Friday.
Britain's gas storage levels are "concerningly low", with less than a week of gas demand in store following a cold snap, Centrica, operator of the country’s largest gas storage site, said on Friday. Britain is heavily reliant on gas for its home heating and also uses a significant amount for electricity generation.
Centrica’s Rough gas storage site ... in 2022 at lower capacity because of the global energy crisis that followed Russia’s invasion of Ukraine. The company said it could invest 2 billion pounds ($2.46 billion) to upgrade the site to maximum capacity ...
UK gas storage levels are “concerningly low,” amid an ongoing cold snap and surging natural gas prices that have impeded store replenishment, according to UK utility Centrica.
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