Britain's gas storage levels 'concerningly low' after cold snap

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Britain's gas storage levels 'concerningly low' after cold snap

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Britain's gas storage levels 'concerningly low' after cold snap

//stocks-investing.news-articles.net/content/202 .. age-levels-concerningly-low-after-cold-snap.html

Published in Stocks and Investing on Friday, January 10th 2025 at 10:21 GMT by Sky

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Plunging temperatures and high demand for gas-fired power are the main factors behind the low levels - with the operator of the country's largest gas storage site warning there is less than a week of demand available.

2025-01-10 196 x 110 / 7515 Bytes

Britain's gas storage levels are alarmingly low following a recent cold snap, raising concerns about potential energy shortages this winter. The UK's gas storage capacity is significantly less than that of other European countries, with only enough to cover about 12 days of peak winter demand. This situation has been exacerbated by the closure of the Rough storage facility, which once provided substantial capacity. Experts warn that without adequate storage, the UK could face price spikes and supply issues, especially if there are further cold spells or disruptions in gas supply from Europe or LNG imports. The government and energy companies are urged to take immediate action to bolster storage and ensure energy security.

Read the Full Sky Article at:
[ https://news.sky.com/story/britains-gas-storage-levels-concerningly-low-after-cold-snap-13286305 ]

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Britain's gas storage levels 'concerningly low' after cold snap