Monday, 11 April 2011

UK gas prompt firms as field shuts, exports surge

British natural gas prices rose on Monday after a Norwegian gas field shut, driving inputs from liquefied natural gas (LNG) terminals up to near capacity, while curve prices eased with oil. Norway's Visund field in the North Sea was shutdown over the weekend after a gas leak, with flows from Norway into England falling sharply on Monday morning, while high exports to continental Europe supported demand.

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