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Frackers in U.K. Pick Cold as Time to Make Point on Gas Supply [Bloomberg Business News]

NATIONAL GRID (NGG)  More Company Research Source: Bloomberg Business News
US:NYSE Investor Relations: investors.nationalgrid.com
PDF By Jeremy Hodges and Kelly Gilblom Britain needs to produce more of its own gas, industry says Fracking plans have been stymied by legal battles, protests Britain’s natural gas fracking industry is using a cold snap that’s gripped large swathes of Europe this week and laid bare weaknesses in the U.K.’s energy supply to make its pitch. Britain’s natural gas market has been stretched to its limits as the coldest spell since 2010 tests the nation’s energy and transport network. U.K. pipeline manager National Grid Plc even urged industry to curb its gas usage while the cold weather persisted.  As gas prices surged to record levels, industry bodies and Ineos Group Ltd. called for Britain to improve energy security by producing more gas at home rather than rely on imports. “The U.K. is worryingly dependent on gas imports and this is forecast to increase t [Read more]

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