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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
70% of UK gas storage to close

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The UK is to lose a massive chunk of its gas storage capacity after Centrica (CNA) said it would permanently close its Rough storage facility off the east coast of England.
Centrica previously said it wouldn’t add any more gas until April 2018. It now says the facility cannot be operated safely due to ageing wells and isn’t economic to refurbish.
The facility has been operating since 1985. It accounts for more than 70% of the UK’s gas storage capacity, acting as a supply cushion during the peak winter months.
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