# UK gas prices set to rise after shutdown of country's biggest storage facility | The Independent | The Independent

> 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.

- Date: 2017-06-21 · published 2017-06-21T12:00:00.000Z
- Category: logistics · region UK · magnitude medium
- Page: https://feedsoft.ai/events/70692-uk-gas-prices-set-to-rise-after-shutdown-of-country-s-biggest-storage-facility
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-09-21 | [Europe Gas Prices Gain After Flows Drop at Biggest US LNG Plant](https://feedsoft.ai/events/34287-europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant.md) | -0.5% | +8.4% |
| NATGAS | 2024-04-25 | [Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market](https://feedsoft.ai/events/9864-hammerfest-freeport-outages-send-global-natural-gas-prices-higher-three-things.md) | +9.1% | +64.2% |
| NATGAS | 2023-08-28 | [Natural Gas Prices Rise As Supply Risks Persist \| OilPrice.com](https://feedsoft.ai/events/34752-natural-gas-prices-rise-as-supply-risks-persist-oilprice-com.md) | +9.3% | +5.4% |
| NATGAS | 2021-01-15 | [Record LNG prices push South Asian countries, including Pakistan, to ration gas - Pakistan - DAWN.COM](https://feedsoft.ai/events/49338-record-lng-prices-push-south-asian-countries-including-pakistan-to-ration-gas.md) | -10.7% | +54.0% |
| NATGAS | 2017-12-12 | [After Europe's Gas Market Disasters, LNG May Come to the Rescue \| Rigzone](https://feedsoft.ai/events/67648-after-europe-s-gas-market-disasters-lng-may-come-to-the-rescue-rigzone.md) | -3.2% | +7.5% |

## Sources

- independent.co.uk: https://www.independent.co.uk/news/business/news/uk-gas-prices-rise-latest-centrica-rough-north-sea-lng-storage-facility-shutdown-a7800026.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.