Summary
CENTRICA, the UK's biggest energy firm is considering abandoning its pound(s)1.5 billion plans to build two gas storage facilities in the North Sea.
The energy group, which owns British Gas and Scottish Gas, needs financial help from the Government to subsidise the project, which would increase Britain's storage capacity by one-third.See the full content of this document
Extract
Centrica Looking to Axe Pound(S)1.5m Gas Storage Schemes
A final investment decision is due to be taken early next year, but it is understood in the current economic climate...
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