Britain Is Heading Towards a Winter of Gas Discontent
- Rough gas storage facility completely closed for summer
- Shutdown will likely make U.K. more reliant on imports
The Fuel of the Future Is Not a Renewable
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Centrica Plc’s Rough, the U.K.’s largest natural gas storage facility 9,000 feet below the North Sea bed, unexpectedly closed for the summer and will probably remain unavailable for most of the winter. The shutdown whipsawed prices in Europe’s biggest market. Here’s what you should know.
Natural gas is used to heat more than 21 million U.K. homes. It’s also used for cooking and power plants burning the fuel often provide more than half of the nation’s electricity.