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The Latest Breaking News from Chris OShea

British Gas owner buys £1.5bn gas terminal in big bet on fossil fuel reliance

Deal for Europe’s biggest facility for LNG imports comes as overall UK gas demand fell sharply last year

The Guardian - UK

British Gas owner takes stake in Europe’s biggest LNG terminal in £1.5bn deal

Centrica and Energy Capital Partners have agreed to acquire the Isle of Grain terminal from current owner National Grid.

Evening Standard

Fears UK gas stockpile to drop for winter as British Gas owner plans sell-off

Centrica keen to stem losses from North Sea Rough storage after company profits halve

The Guardian - UK

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Centrica calls for new customer ban on rival Octopus amid row over Ofgem rules

Centrica chief executive Chris O’Shea claimed that regulator Ofgem was not enforcing recent financial resilience rules.

Evening Standard

Time for some straight talking on the cost of clean energy. It isn’t a free lunch

UK ministers should update the public on the outlook for bills as the price of overhauling the system is adding up

The Guardian - UK

Centrica preparing to take 15% stake in Sizewell C nuclear plant, reports say

The investment would mean Centrica has about the same size stake in Sizewell C as EDF, the Financial Times reported.

Evening Standard

UK’s largest natural gas storage facility to shut down without government help

Centrica has said it remains in talks with ministers about Government cooperation to expand and revamp its Rough facility.

Evening Standard

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British Gas owner suffers shareholder rebellion over CEO pay packet

Nearly 40% of Centrica investors vote against board’s pay plans as energy bill payers struggle with record debts

The Guardian - UK

Shareholders in British Gas owner Centrica rebel over top directors’ pay

Nearly 40% voted against the company’s executive pay deal, which saw boss Chris O’Shea get a £4.3 million package last year.

Evening Standard

Boss of major energy firm opposes Octopus zonal pricing push

THE boss of a major energy firm has criticised zonal pricing plans in the UK, branding the idea "superficially attractive"

The National (Scotland)

British Gas to take on 90,000 customers of collapsed Rebel Energy

Ofgem makes decision over which firm inherits household and business customers of failed supplier

The Guardian - UK

Centrica hoping to strike Sizewell C investment deal, ‘if the returns are right’

Centrica boss Chris O’Shea said the group was in discussions over pumping cash into the new nuclear plant in Suffolk.

Evening Standard

Is the UK really running out of gas?

The majority of Britain’s gas is either produced in the North Sea or imported

The Independent UK

Why are UK gas stores lower than usual, and how is the overall supply looking?

Amid concerns over stored gas capacity during the latest cold snap, the PA news agency explains why we are not running out of gas.

Evening Standard

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International Business Times

UK Gas Reserves 'Concerningly Low', Warns Biggest Supplier

Britain's biggest gas supplier on Friday said UK storage levels are "concerningly low" owing to high demand caused by freezing weather and after Ukraine ended Russian gas transit to Europe.

International Business Times

UK Gas Reserves 'Concerningly Low': British Gas

Britain's biggest gas supplier said Friday UK storage levels are "concerningly low" due to high demand caused by freezing weather.

The Guardian - UK

No 10 insists UK has sufficient energy supply despite ‘concerningly low’ gas storage levels

Centrica says its inventories have fallen by half since early November amid winter cold snap

The Independent UK

UK gas storage at concerningly low levels, says Centrica

The company, which owns energy supplier British Gas, said the UK now has less than a week’s worth of demand for gas in store.

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Evening Standard

UK gas reserves plunge to ‘concerning’ low with just a week of supply left

Centrica said the UK now has less than a week’s worth of demand for gas in store

The National (Scotland)

Scotland's last nuclear power station to stay open beyond planned closure

Four of the UK's five nuclear power stations will stay open longer than previously planned, their operator has said ...

Evening Standard

Four of UK’s five nuclear power stations to be extended beyond planned closure

Operator EDF said it would keep the sites open for longer to help maintain electricity supply over the coming years.

Evening Standard

British Gas writes to older customers in benefit drive after winter fuel row

The power firm said it is encouraging customers to take up pension credit, which could make them eligible for Government winter fuel payments.

The Guardian - UK

Is the British Gas boss really worth £8.2m?

The share price recovery has been partly driven by the surge in wholesale energy prices, which is beyond his control

The Guardian - UK

British Gas boss says all UK households should be forced to fit smart meters

Chris O’Shea, CEO of Centrica, says mandatory installation programme would cut cost of creating a smart grid

The Guardian - UK

The danger in saying yes to Pascal Soriot’s pay rise at AstraZeneca

Despite rebellion, approval of £18.7m package opens door to likelihood of US-style executive pay elsewhere

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