Centrica Energy disclosed what have caused surging costs of oil in Great Britain. Centrica claimed that some European oil companies are buying up supply during summer but not selling it back during winter, making it costly comes the time when oil is much needed in these countries. was the commentary true?
Continental European companies are buying up UK North Sea gas in the summer, when Britain is a net gas exporter, to refill storage capacity depleted in winter. But according to Centrica, gas flows back into Britain from continental Europe are much lower during the winter, when Britain is a net importer.
Continental European companies are buying up UK North Sea gas in the summer, when Britain is a net gas exporter, to refill storage capacity depleted in winter. But according to Centrica, gas flows back into Britain from continental Europe are much lower during the winter, when Britain is a net importer.
Centrica, parent company of Britain's biggest residential energy supplier, British Gas, calculates the volume of gas that flowed from the UK to Europe through the Ba
cton-Zeebrugge interconnector - one of the key gas pipelines into the UK - over the past year was five times the flow in the opposite direction.
Continental Europe has much more gas storage than Britain, which has traditionally relied on North Sea production to meet spikes in demand. France and Germany, for example, can meet about one fifth of demand from storage compared with about 5% in the UK.
0 comments:
Post a Comment