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2014-10-31 14:20:00

GAS PRICES DOWN

GAS PRICES DOWN

British wholesale gas prices for the rest of this year fell on Friday after Ukraine and Russia signed a deal which will see Moscow resume supplies of gas over the winter.

Russia is Europe's biggest supplier of gas, providing around a third of the continent's needs, and some of this reaches Britain from European storage sites.

Gazprom estimates it sends around 11 billion-12 billion cubic metres (bcm) to Britain each year, accounting for around 15 percent of total UK supplies.

Prices for wholesale natural gas along the curve fell on Friday morning…

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Tags: RUSSIA, GAS, EUROPE
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