catgate Posted July 31, 2008 Report Share Posted July 31, 2008 http://www.thisismoney.co.uk//news/article...mp;in_page_id=2 Quote Link to comment Share on other sites More sharing options...
andsome Posted August 1, 2008 Report Share Posted August 1, 2008 As you say, very informative. Typical of the government. Instead of building storage, how much money has been squandered? Quote Link to comment Share on other sites More sharing options...
CurlyWhirly Posted August 2, 2008 Report Share Posted August 2, 2008 Britain could have insulated itself from the need to import so much gas if the Government had ensured the UK built new gas storage facilities over the past 20 years.Cheap North Sea gas could have been put into storage in the summer and then called upon during the winter.So that's why the price of gas has shot up However, the UK currently only has sufficient storage to hold 13 days of its gas needs. That compares to 99 days in Germany and 122 in France.The failure to build this vital infrastructure means Britain is exporting cheap North Sea gas in the summer to Europe where it is put into storageThat is ludicrous and the Europeans must be laughing at us daft Brits as we export cheap gas to them in the summer (when demand is low) and have to import it back in the winter at a much higher price Quote Link to comment Share on other sites More sharing options...
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