Centrica Warns Ministers Over Gas Storage Site Amid Calls for Diversified Imports
Centrica's chief executive has called on ministers to secure the future of a key gas storage site, warning that without a fresh deal the facility could close before winter.
The energy supplier has signed a long-term natural gas supply arrangement with a North American producer, broadening its import base and aiming to insulate itself from price shocks.
Senior leaders at Centrica have continued to add to their personal shareholdings in recent weeks, a sign of confidence in the company's prospects amidst ongoing uncertainty over energy policy and storage capacity.