The persistent freezing
British weather threatens to test the ailing economy as political
pressure mounts on possible gas outrage
Monday, 25 March 2013
We are told that heating gas in the UK will soon be running out and
that except emergency measures are taken home might soon lack heating
as reserves dry up.
According to Reuters, political pressure in Britain is mounting to
increase natural gas storage capacity as high winter energy demand has
depleted storage levels and exposed the country's growing reliance on
more risky imports.
British gas prices shot to near record highs several times in March on
the National Balancing Point (NBP), a virtual trading location, and
storage levels are down 90 percent, threatening outages if imports
cannot meet high demand - continue reading from Reuters
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