Centrica Refrains From Refilling UK Gas Storage for Next Winter
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Centrica Plc hasn’t started refilling the UK’s biggest gas storage facility in the North Sea, potentially leaving the nation without reserves for next winter.
The company usually starts to inject fuel into the Rough facility by this time of year, ready for next winter, according to UK grid data compiled by Bloomberg. The site is old, needs to be upgraded and is operating at reduced capacity. That makes it unprofitable, according to Centrica.