• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

UK gas price surge forces key industrial sites to close

4 years ago
in Energy, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
58
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

UK gas price surge forces key industrial sites to close

Two industrial sites that produce a combined 40 percent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices.

The Times reported that CF Industries had shuttered its plants at Billingham in Teesside and Ince in Cheshire as a direct result of the price spikes.

The closures came as gas prices hit record levels yesterday after a fire at a National Grid facility in Kent forced one of the UK’s crucial power interconnectors to close.

Prices closed in on £2 a therm yesterday, six times higher than a year ago.

As a result of the blaze, the 2 gigawatt cable, which connects the UK’s energy grid to France, will be offline for six months.

Read:

RelatedPosts

African Development Fund Supports Climate-Resilient Rice Value Chains Across West Africa

AfDB and SEFA Provide $40 Million Investment in Equity Platform Zafiri to Accelerate Renewable Energy Access Across Africa

President Mahama Urges Strategic Infrastructure Investment to Unlock AfCFTA Potential

This further raises the prospect of an expensive winter for consumers in a market already tight due to a shortage of global gas supply.

In addition, a period of low wind speeds has seen the amount of wind power capacity produced by the UK drop off, leading the country to fire up some of its old coal generators.

As a result of rising prices, Ofgem has already been forced to hike bills for some 15m households by around 12 percent from next month.

Two more energy suppliers were also forced out of the market this week as a result of the price surge, leaving 500,000 customers needing a new supplier.

Source: oilprice
Via: norvanreports
Tags: Renewable energyUK gas price surge forces key industrial sites to close
No Result
View All Result

Highlights

Inflation Seen Dropping to 17% In November Amid Stable Macros

Africa’s Richest Economy Moves Closer to Exiting Dirty-Money List

Analysing the MiDA–IFC Agribusiness Partnership

Ghana Can’t Build a 24-Hour Manufacturing Economy on an Empty Raw Materials Base

Government Confirms $97m Spent on Stalled National Cathedral Project as Audit Reveals Cost Overruns and Unpaid Obligations

Bright Simons Criticises Lack of Prosecutorial Clarity in GHS 280m NPA Extortion Case

Trending

Agribusiness

African Development Fund Supports Climate-Resilient Rice Value Chains Across West Africa

July 19, 2025

African Development Fund Supports Climate-Resilient Rice Value Chains Across West Africa The Board of Directors of the African...

AfDB and SEFA Provide $40 Million Investment in Equity Platform Zafiri to Accelerate Renewable Energy Access Across Africa

July 19, 2025

President Mahama Urges Strategic Infrastructure Investment to Unlock AfCFTA Potential

July 19, 2025

Inflation Seen Dropping to 17% In November Amid Stable Macros

July 19, 2025

Africa’s Richest Economy Moves Closer to Exiting Dirty-Money List

July 19, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.