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14.08.25 - 17:36
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British Gas owner buys £1.5bn gas terminal in big bet on fossil fuel reliance (The Guardian)
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Deal for Europe's biggest facility for LNG imports comes as overall UK gas demand fell sharply last yearThe owner of British Gas has placed a £1.5bn bet on the UK's future reliance on fossil fuel imports after striking a deal to buy Europe's biggest gas import terminal.Centrica plans to partner with a US private equity firm to acquire the Isle of Grain terminal in Kent, which can import 15m tonnes of liquefied natural gas a year, even after Britain's gas demand fell last year to its lowest level since the early 1990s. Continue reading......
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24.07.25 - 16:00
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Fears UK gas stockpile to drop for winter as British Gas owner plans sell-off (The Guardian)
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Centrica keen to stem losses from North Sea Rough storage after company profits halveBritain may have lower gas stockpiles going into the winter after the owner of British Gas indicated it plans to sell its stored gas to help reduce losses at a North Sea gas storage facility.Centrica said the financial losses from its Rough gas storage business were not sustainable, meaning it would aim to sell the existing gas at the site without restocking before winter. Continue reading......
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