National Gas comments come after Centrica says low temperatures have strained supplies
The UK’s biggest gas network operator has insisted the country is “well placed” to obtain enough gas this winter, after a big energy supplier warned that there was “less than a week” of reserve supply left because of recent cold weather. National Gas, which owns Britain’s transmission network, said on Friday that “the overall picture . . . remains healthy” at the eight main gas storage sites in Great Britain.
About half of Britain’s gas needs are met by imports at present, including pipeline gas from Norway and mainland Europe as well as liquefied natural gas. Energy data group Montel said in a note on Friday that, despite concerns raised by Centrica, “there is little indication of a supply slowdown”. It added that UK wholesale gas prices had recently dipped to their lowest since late December. UK wholesale gas prices traded on the Intercontinental Exchange ended 0.7 per cent higher at 113.
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