UK gas prices jump 20% after explosion hits Austria’s main gas hub

[Joanna + 68]

In Britain, Europe’s biggest gas market, gas for immediate delivery rose 35% to 92p per therm, its highest level for four years.

https://www.bloomberg.com/news/articles/2017-12-12/u-k-gas-surges-after-explosion-in-austria-tightens-supply

[JohnAtronis + 78]

You will see more and more of this happening... Gas pipeline construction & maintenance is a serious business that has been flooded with cheap labour in recent years

[Stephen + 67]

There's a glut of gas available on the markets today. So much so, the Americans are running out of storage. The UK needs to diversify more. In comparison to the Russians, the US suppliers are a reliable source.

[Meanwhile + 49]

7 minutes ago, JohnAtronis said:

You will see more and more of this happening... Gas pipeline construction & maintenance is a serious business that has been flooded with cheap labour in recent years

So the suppliers will have to put prices up, how does that fix things?

[JohnAtronis + 78]

10 minutes ago, Joanna said:

In Britain, Europe’s biggest gas market, gas for immediate delivery rose 35% to 92p per therm, its highest level for four years.

https://www.bloomberg.com/news/articles/2017-12-12/u-k-gas-surges-after-explosion-in-austria-tightens-supply

The Italian wholesale day-ahead price surged 87 percent to €44.50 per megawatt-hour (MWh).