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Wholesale gas prices soar in Britain after pipeline is forced to close

2013-03-22 22:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: British wholesale gas prices hit a record high on Friday after the failure of a vital import pipeline demonstrated the vulnerability of the nation's energy supply to external shocks. The breakdown and price rise followed the revelation that Britain's gas stores could run out in a few weeks if expensive overseas supplies are not piped in quickly amid unexpected demand due to unseasonal weather. Downing Street intervened to reassure households; the prime minister's spokesman expressed confidence...

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Category:Electronics and Electrical

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