12 November 2013
Gas prices could soar this winter if the national supply runs short during another cold snap, an energy expert has warned.
Industry analyst Peter Hughes told Sky News that a "perfect storm" last March of extreme weather and the shutdown of two major pipelines caused prices to double. And that could happen again because the Government has refused to support the storage of more gas.
"It foreshadows things to come," he said.
"The situation in terms of the risks will only get worse as North Sea production runs down and demand rises.
"That's the double whammy. And if you don't have more storage that translates into real vulnerability."
Britain currently stores enough gas for 13 days of supply. But Germany has reserves to last 69 days, in case there is a problem with the supply from countries such as Russia.
Source: Sky News