Storage Site News

UK Gas Storage Capacity at Risk, Sparks Price Rally

A potential technical problem identified during a routine inspection could reduce capacity at Britain's biggest storage site Rough by 30 percent, potentially tightening supplies and fuelling sharp price gains. "A potential technical issue has been discovered which, if verified, would limit the amount of stock in the Rough reservoir to a range of 29 TWh to 32 TWh," operator Centrica Storage Ltd said in a market message on Wednesday. That equates to a 30 percent reduction in storage capacity or a loss of 1 billion cubic metres of gas supply, said Trevor Sikorski, analyst at London-based