Chief among those concerns are the profitability of North Sea production, and a decimation of renewable alternatives (for example, over a third of all jobs in U.K. solar have vanished).
The British end user, however, is going to feel the pinch in an additional way…
You see, in June 2017, utility giant Centrica plc announced plans to close the offshore Rough storage facility, which currently accounts for about 70% of all British natural gas storage capacity.
Immediately, the news caused a spike in winter-month natural gas futures prices, as fears of a natural gas shortage come winter began to swarm.
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