UK domestic gas supply hit by storage plans being shelved

British Gas owner Centrica has dealt a blow to Britain’s energy security plans by shelving two huge gas storage projects at a cost of £240 million.

British Gas owner Centrica has dealt a blow to Britain’s energy security plans by shelving two huge gas storage projects at a cost of £240m (€284m).

The energy giant blamed the Government’s decision not to subsidise new gas storage and “weak economics” for axing the projects in East Yorkshire and the North Sea.