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Shutdown at UK's largest gas facility | |
(35 minutes later) | |
Wholesale gas prices have risen sharply on news that the UK's largest gas storage facility is being shut down for 42 days. | Wholesale gas prices have risen sharply on news that the UK's largest gas storage facility is being shut down for 42 days. |
Gas prices for the coming winter surged more than 8% after Centrica Storage announced that its Rough facility would be closed until 3 August. | Gas prices for the coming winter surged more than 8% after Centrica Storage announced that its Rough facility would be closed until 3 August. |
The plant accounts for 72% of the country's gas storage capacity, but has been affected by safety issues. | The plant accounts for 72% of the country's gas storage capacity, but has been affected by safety issues. |
The move could push the UK's gas stocks to record lows this winter. | The move could push the UK's gas stocks to record lows this winter. |
There have been problems at the Rough facility since March 2015, when Centrica imposed restrictions on storage levels because of an issue with its wells. | There have been problems at the Rough facility since March 2015, when Centrica imposed restrictions on storage levels because of an issue with its wells. |
While testing the wells involved, Centrica said, it had "identified an additional issue" on one of them. | While testing the wells involved, Centrica said, it had "identified an additional issue" on one of them. |