Britain’s largest storage site for natural gas is to close permanently, leaving the country more dependent on imports and exposed to price shocks.

Centrica to close UK’s largest gas storage site

Britain’s largest storage site for natural gas is to close permanently, leaving the country more dependent on imports and exposed to price shocks. Centrica, the UK energy group which owns British Gas, said it had concluded that its Rough storage facility off the Yorkshire coast could no longer be operated safely because of failures in its ageing wells. The 32-year-old site — a reservoir of permeable sandstone under the North Sea into which gas can be injected at times of surplus supplies and drawn from when needed — accounts for 70 per cent of UK gas storage capacity. It can meet a tenth of the country’s daily peak gas demand in winter.

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