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Britain's gas storage levels 'concerningly low' after cold snap, says owner of British Gas

  • The UK has less than a week's worth of gas left as temperatures drop, according to British Gas.
  • Centrica reported that storage sites are 26% lower than last year, leaving them around half empty.
  • Chris O'Shea, Group Chief Executive of Centrica, expressed concerns about the low gas storage levels, calling the situation a 'perfect storm'.
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Centrica, the company that operates Britain's largest gas storage facility, said that the country's gas storage levels were "worryingly low", with the amount of gas in storage holdings likely to meet the country's consumption for less than a week after the cold snap.

·Belgrade, Serbia
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DECRYPTION - While the main British gas company is sounding the alarm, the cold and the cessation of imports via Ukraine are worrying.

·Paris, France
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  • 54% of the sources are Center
54% Center

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Bloomberg broke the news in United States on Friday, January 10, 2025.
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