Europe & Russia Storage
The permanent closure of the UK’s Rough gas storage facility will weaken the country’s storage position, while Ukraine has seen stock volumes jump – outstripping the pace of rebuilds at the same time in 2016.
Centrica Storage Ltd has announced that it will apply to permanently close the Rough gas storage facility. The aging facility faced significant technical issues and the investment required makes continuing operations economically unviable.
The facility was already set to be closed through this winter - leaving...