Wednesday, August 20, 2008

North Sea Gas Field Shutdown until 2009 due to gas leak – Gas prices to soar again.

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.

Posted by johnny @ 09:32 PM (472 views)
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