Gas Markets
Last week was a busy week for Centrica. In addition to announcing the closure of its Rough gas storage facility, it also announced the sale of its two remaining CCGTs, confirming its transformation into a services-oriented company and the end of its previous strategy [...]
On Tuesday, Centrica announced the permanent closure of Rough, its large seasonal gas storage facility. This is the UK’s only long-term gas storage asset, with a capacity equivalent to about 10% of winter peak demand and 70% of the country's total gas storage capacity, [...]
The UK gas market is facing unprecedented changes, with a conflation of declining North Sea production, threats to the UK's gas storage capability, and of course, Brexit. Historically, UK gas came almost entirely from domestic production, with a small amount of imports from Norway, however [...]
Hydrogen gas has been mooted as a possible solution to the challenge of decarbonising heating, one of the major sources along with electricity generation and transport, of carbon emissions. Notably, the city of Leeds in the UK is investigating converting its entire gas network [...]
When people think about energy storage, their minds tend to leap to electricity storage technologies like batteries or pumped hydro, however energy is also stored in raw material form...piles of coal by a power station or as gas. In July Centrica announced the closure [...]
Over the past few years there have been frequent predictions of a new “dash for gas” in Europe, with many in the industry believing that gas is the natural solution to the challenges posed by the desire to decarbonise the electricity sector while maintaining [...]