Shadow of Tsunami Looms Over Fuel Costs ; Natural Gas Supplies May Be Diverted to Stricken Japan [Edition 3]

Summary


GAS prices look likely to soar as a result of the tsunami that hit northeastern Japan after Friday's devastating earthquake, forcing nuclear power stations to shut.

Hours after the giant wave hit the coast, the wholesale price of gas jumped by 3.7 per cent to 59.75p a therm, threatening further increases in fuel bills.

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Extract


Shadow of Tsunami Looms Over Fuel Costs ; Natural Gas Supplies May Be Diverted to Stricken Japan [Edition 3]

The rapid rise was caused by speculation that Britain could face a drop in gas imports as Japanese demand...

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