Future Of British Business
UK Considers Reopening Top Gas Storage Site to Address Energy Crisis
- Millions in Britain may face winter power cuts, Times says
- Energy crisis sees UK rethinking its strategic gas reserves
This article is for subscribers only.
Britain is in talks to reopen its biggest natural gas storage site as the war in Ukraine threatens to deepen the nation’s energy crisis this winter, according to people familiar with the matter.
The UK government and Centrica Plc are considering stashing the fuel away at the Rough depot before the facility can be converted to store hydrogen in the future, said the people, who asked not to be identified because the information is private. Britain’s top energy supplier said in 2017 that it would close Rough, which accounted for about 70% of the country’s gas storage capacity.