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Search resuls for: "British Energy"


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Oct 28 (Reuters) - British Gas owner Centrica (CNA.L) has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday. Before it was closed, Rough represented more than 70% of UK storage and supplied 10% of peak winter demand. However, after Russia’s invasion of Ukraine and growing concerns over gas supplies this winter, Centrica upgraded the facility and started refilling the site in early autumn. Even at 20% of previous capacity, Rough is the UK's largest gas storage site and adds 50% to the UK's gas storage capacity, though this lags behind European countries, Centrica said. The long-term aim is to turn the Rough gas field into the largest long-range energy storage facility in Europe, capable of storing both natural gas and hydrogen, Centrica said.
Register now for FREE unlimited access to Reuters.com RegisterRNG, or biogas, is gas captured from organic waste in landfills or farms. BP has offered $26 in cash for each Archaea share, or $3.3 billion, and will take on about $800 million of net debt. The deal will double the expected earnings before interest, taxes, depreciation, and amortization (EBITDA) from biogas to around $2 billion by 2030, BP said. BP plans to invest $1.7 billion in the business by 2027 to accelerate its growth which will not change BP's overall capital expenditure plans, Looney said. BP plans to spend $14 to $16 billion in 2022, the majority of which going towards oil and gas.
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