# Decline of UK's Rough storage site to raise gas import costs | LNG Industry

> LNG Industry reports that Britain's Rough gas storage site, its only seasonal storage facility, can now handle only about 5% of peak daily demand versus roughly 10% normally. Six wells have permanently closed and storage capacity is set to be reduced. The decline will increase import dependence and wholesale price volatility.

- Date: 2017-02-17 · published 2017-02-17T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/72698-decline-of-uk-s-rough-storage-site-to-raise-gas-import-costs-lng-industry
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Less UK storage means greater exposure to winter price spikes and higher import costs for gas-fired power and processing. This could push up UK energy costs for feed plants.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- lngindustry.com: https://www.lngindustry.com/liquid-natural-gas/17022017/decline-of-uks-rough-storage-site-to-raise-gas-import-costs/

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