Quote:
Originally Posted by RichardCoulter
Just been on the BBC 1PM news that, due to the cold weather, Centrica say that the UK now only has a weeks worth of gas left in storage.
Chris O'Shea, their Chief Executive, said:
Is he blaming Brexit here? No mention of the current arrangements in obtaining gas from Russia having any impact, which must surely come into play.
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No. In fact, without gas coming via pipeline from Russia the UK has a strategic advantage over continental Europe, because we have extensive facilities for bringing LNG ashore at Milford Haven in south west Wales. Our problem arises from the decision in 2017 to close strategic undersea gas storage off the Yorkshire coast. Its life could have been extended with government investment but the government refused. When we last had a serious gas supply crunch in 2021 plans were announced to reopen it. It has only partially reopened.