The UK is heading into winter with the lowest level of gas stores since records began, prompting fears that there could be shortages as demand increases during the colder months.
Chris O’Shea, the head of British’s Gas’s parent company Centrica – which also runs Britain’s largest storage facility – said it should be a “huge concern” that the country has “almost no gas storage“.
Britain’s gas stores are at 30 per cent capacity this week, compared to 46 per cent this time last year and 90 per cent two years ago.
This comes as energy prices are due to rise by 4 per cent from October but may increase even further next year unless the war in Iran is resolved.
Experts told The i Paper that while the UK is some way off running out of fuel, the knock-on effects of global markets as a result of the closure of the Strait of Hormuz have left the country more vulnerable than ever.
