Wednesday, 21 September 2011

UK Business Gas Prices to Rise Before 2012

Earlier this month we reported that wholesale gas prices were on the rise again, due to a series of factors. Now as we approach the winter with the need for heating in the UK, demand on the rise in Europe, as well as Asia, the predictions are that UK gas prices will increase towards the end of the year. 

One of the main reasons of this rise is the diversion of LNG cargos to Asia, where prices and demand are higher, which will then force the UK and Europe to put their prices up in order to compete.

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