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Centrica plans to permanently close the Rough gas storage facility in the North Sea, which can supply about 10% of UK peak winter demand. Britain will rely more on LNG and pipeline imports from Norway and Russia.
Gas prices jumped after two Qatar-bound tankers were diverted during the Gulf dispute.
Losing a major storage buffer leaves the UK more exposed to import disruptions and price spikes in winter. Tighter European gas supply supports energy prices.
independent.co.ukAnna ShiryaevskayaJun 21, 2017After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
