Question

To ask the Secretary of State for Energy and Climate Change, what steps he is taking to reassess the need for additional gas storage capacity in the UK; and if he will make a statement.

We published on 3 September 2013 an independent assessment about the need to intervene in the gas storage market. With reference to my answer to written question 198546, we decided against intervention on the basis of the cost-benefit analysis undertaken by Redpoint Energy.

The factors which underpinned this decision have not changed. I have no plans to reassess the need for additional gas storage capacity within the UK.