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UK gas stores ‘concerningly low’, warns Centrica

by Investor News Today
January 10, 2025
in Commodities
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UK gas stores ‘concerningly low’, warns Centrica
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The UK’s gasoline shops have fallen to “concerningly” low ranges as plunging temperatures have strained provides, the proprietor of British Fuel has warned.

A chilly snap over the previous 5 days has pushed temperatures down to shut to minus 20 levels in some elements of the UK.

As of Thursday, shares at UK gasoline storage websites have been 26 per cent decrease than they have been on the similar time final yr, leaving them about half full, in response to a press release on Friday from Centrica.

The chilly situations within the UK, mixed with the tip of Russian gasoline pipeline provides by means of Ukraine on December 31, meant that gasoline stock ranges throughout the UK have been down stated the assertion. 

“The UK’s gasoline storage ranges are concerningly low,” stated Chris O’Shea, Centrica chief govt.

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