Gas Traders Go Elsewhere After Centrica’s U.K. Rough Woes: ChartBy
While Britain lost most of its natural gas storage capacity after Centrica Plc’s Rough had to stop injecting the fuel in June, the outage has caused a boom in demand at smaller and more flexible facilities. Storage levels at so-called medium-range sites, which account for almost a third of total capacity, jumped 75 percent since the halt was announced to their highest for the time of year since at least 2004. The U.K. got 8 percent of its gas from storage last winter.