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Centrica Pushes £2 Billion Gas Storage Plan for Jobs

5/18/2025

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Summary

Story summary

Centrica is urging the government to back a "cap and floor" pricing plan to invest £2 billion in the Rough gas storage facility off East Yorkshire. This ambitious project promises to generate thousands of construction jobs and significantly boost the UK's gas storage capacity from 12 to 30 days, with the government showing willingness to engage in talks.

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Story summary

Centrica is urging the government to back a "cap and floor" pricing plan to invest £2 billion in the Rough gas storage facility off East Yorkshire. This ambitious project promises to generate thousands of construction jobs and significantly boost the UK's gas storage capacity from 12 to 30 days, with the government showing willingness to engage in talks.