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Pressure mounts on UK to build gas storage as stocks dwindle

2013-03-25 09:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Political pressure in Britain is mounting to increase natural gas storage capacity as high winter energy demand has depleted storage levels and exposed the country's growing reliance on more risky imports. British gas prices shot to near record highs several times in March on the National Balancing Point (NBP), a virtual trading location, and storage levels are down 90 percent, threatening outages if imports cannot meet high demand. The potential perils of that position were in evidence last...

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