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Britain's gas price soars to record on pipeline closure

2013-03-22 10:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Britain's wholesale gas prices surged to a record high on Friday after one of its main gas import pipelines shut down unexpectedly, exposing the country's vulnerability to foreign supplies. Britain is already grappling with a potential gas supply crisis as a late blast of winter depletes stored reserves, coal power plants close and pending maintenance in Norway threatens to further squeeze supply. Gas prices for within-day delivery spiked at 150 pence per therm early in the day, more than 50...

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