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No danger of UK gas shortages says report

Two months on from Russia's annexation of Crimea, Europe's largest energy exporter is showing no signs it intends to cut gas supplies to the continent

The UK, in particular, has healthy stock levels. However, sustained weak demand and high gas reserves will cause 'significant imbalances' between the UK's gas supply and demand between the end of May and July, according to a new report by Thomson Reuters: Point Carbon's UK Natural Gas Seasonal Outlook for summer 2014.  On 31 March, the UK's gas stocks stood at 2.4 billion cubic metres (cm), around 50% of capacity and 10 times higher than year-earlier levels, the report said. The Centrica-owned Rough storage facility will be 95% full by early September, with levels not expected to fall until the fourth quarter as demand begins to rise before winter supply contracts kick in. Last winter's mi

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