UK gas price soars as vital pipeline connection is lost.

Guardian: “British wholesale gas prices hit a record high on Friday after the failure of a vital import pipeline demonstrated the vulnerability of the nation’s energy supply to external shocks.” “The breakdown and price rise followed the revelation that Britain’s gas stores could run out in a few weeks if expensive overseas supplies are not piped in quickly amid unexpected demand due to unseasonal weather. …a pump failure caused the temporary shutdown of the UK-Belgium pipeline. The gas was flowing again by noon but not before the British wholesale gas price soared by more than 50% to 150p a therm, with the price stabilising to about 100p when the pipeline reopened.”