Quote:
Originally Posted by Paul
However, wasnt it mentioned that said capacity is a lot smaller than it used to be ?
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Quite correct. Centrica closed an enormous storage facility in 2017 because it needed some expensive upgrades to keep going. They asked for government assistance but were refused. We lost about 70% of our storage capacity at that point, although even before that we were storing less than is typically the case in European countries. Today we store 2% of annual demand while the average in the EU is 25%.
Some stats from a storage provider that still operates in the UK:
https://www.storengy.co.uk/medias/ne...er-gas-storage