Thursday, 5 May 2011

Summer UK gas prices likely to fall, help industry

Wholesale UK gas prices should fall this summer as liquefied natural gas shipments rapidly replenish plentiful stocks, helping soften the blow of record high transport fuel prices for battered British business.

After an unprecedented surge in gas costs last summer, Britain's gas market should return to its normal mid-year price lull, offering some short-term relief to big industrial users who buy on the wholesale market in an economy barely staggering out of recession.

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