British gas prices have continued their march higher as the bloodshed in the Middle East and gas leak in the Baltic Sea raises concerns about supplies.
The UK contract has gained as much as 5.3pc today to 141p per therm while European benchmarks have risen as much as 5.9pc to €56 per megawatt hour.
Both last traded at those levels in February.
In addition to the Israel and Baltic sea concerns, workers at two of Chevron’s liquefied natural gas plants in Australia are threatening strikes at facilities which account for roughly 7pc of global LNG supply.
