Storm surges in the North Sea affect prompt prices

09 November 2007

Gas fields turn down as staff move back to shore.

The storm surge in the North Sea which could have cuased some significant flooding has shoved prices in gas and power in the prompt higher. This has been because some gas fields have had to cut production on the back of windy and dangerous weather in the North Sea. Surprisingly this deciiosn was taken late on as the surge was thought to be less of an effect on gas fields.


Electricity  Gas  Supply  Bull Market  Weather 

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