News

World news Bookmark and Share

13.09.2011 14:48
Major UK Gas Users Want Larger Storage Reserves
Large gas users said they may prioritise locating their businesses in continental Europe, where gas reserve requirements are much higher
AUTHOR: publics.bg


  • © net_efekt@flickr.com

Britain's major industrial gas users want the government to force suppliers to hold a set proportion of their gas sales in storage to prevent supply interruptions, a survey showed on Tuesday.
 
Large gas users said they may prioritise locating their businesses in continental Europe, where gas reserve requirements are much higher. Respondents interviewed in the survey included manufacturing companies such as Tata Steel and chemicals producer INEOS .
 
"More physical storage capacity needs to start being built in the UK market within the next two years and there needs to be a requirement for gas suppliers to have sufficient contingency reserves," said Laura Cohen, chief executive of the British Ceramics Confederation, which represents around 100 UK manufacturers.
 
"This contributes to more stable prices and a more stable environment for UK manufacturing."
 
A survey of major UK gas users, covering 12.5 percent of British manufacturing gas demand, showed respondents felt the government and regulator Ofgem's proposals for gas supply will not be sufficient.
 
New rules plan to penalise suppliers if they fail to supply gas to major industrial consumers but government proposals have not imposed a requirement to build new gas storage sites.
 
British gas supplier Centrica has warned that profits from running gas storage sites are falling as the difference between purchasing gas at low prices in summer to then sell at high prices in winter is shrinking.

TAGS: UK | gas users | industry | natural gas storage | Ofgem | Europe 


All world news

No published comments
Login to comment


Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
Full text

Events

No records in this category!

Poll

What kind of transport do you use to get to work?











 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X
} catch(err) {}