The UK’s competition watchdog, the Competition and Markets Authority (CMA), has provisionally released utility Centrica and storage operator Centrica Storage Ltd. (CSL) from its undertakings on the 3.4 Bcm Rough natural gas storage facility as a prelude to its shuttering. Both companies still need approval from the UK’s Oil and Gas Authority (OGA) to close the 30-year-old facility, which accounts for 70% of the UK’s storage capacity and provides supply flexibility during high-demand periods.
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