Centrica's Chief Warns of Gas Storage Site Closure Without New Deal

Centrica's chief executive has urged government officials to secure the future of a key gas storage site ahead of winter, warning that without a fresh deal the facility could close before the coldest months arrive.

The energy supplier has signed a long-term natural gas supply arrangement with a North American producer as part of its strategy to diversify where its gas comes from.

Analysts covering the wider utilities space have noted that diversifying import routes has become a common theme among UK suppliers navigating an uncertain geopolitical backdrop, with security of supply now treated as commercially as important as cost.