NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

British gas storage site Rough to shrink capacity

Published 09/09/2016, 11:10
Updated 09/09/2016, 11:20
© Reuters.  British gas storage site Rough to shrink capacity
CNA
-
NG
-

(Reuters) - Capacity at Rough, Britain's largest natural gas storage site, will be permanently reduced, operator Centrica (LON:CNA) Storage Limited said on Friday, as it withdraws an offshore platform that operates four of Rough's approximately 30 wells.

Centrica confirmed it expected to have 20 wells available for gas withdrawal at Rough from November 1 as planned as part of maintenance at the site.

Rough is a partially depleted North Sea gas field used for storage since 1985.

Centrica announced extended maintenance for the site's 47/8A platform in August 2015.

"Permanently withdrawing 47/8A from service will have a minimal impact on Rough’s capabilities and CSL has prepared for the possibility that it would never return to service," Centrica said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.