Wednesday, Aug 20, 2008
North Sea Gas Field Shutdown until 2009 due to gas leak - Gas prices to soar again.
TimesOnline: Winter gas supply fears grow on North Sea leak
UK wholesale gas prices soared by nearly 14 per cent today after a leak on a North Sea pipeline fuelled fresh concerns about a supply crunch this winter. Norway’s Statoil Hydro said it had discovered the leak on a gas pipeline linking its Kvitebjoern field in the North Sea to the Kollsnes processing plant onshore. It warned the pipeline, which pumps an estimated 5 per cent of Norway’s total gas output, could remain closed until 2009.
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