The Economist: Gas in Europe: Spiked

THE cold weather in Europe and worries about the reliability of Russian gas supplies is sending prices soaring. In Britain they have reached levels not seen since early 2006, when prices spiked after Russia cut off all gas supplies to Ukraine and an explosion disabled the UK's Rough storage gas platform. 

ICIS Heren, a market research firm, notes that British prices on Monday reached 93p per therm (p/th), the highest since March 17 2006 (when a combination of an explosion at Britain's main Rough storage facility and a Russian-Ukrainian gas spat spooked the market) . The British price is up from 60.7 p/th on January 31st. Prices in France are 25% higher since Friday, at 101.77 p/th, and in Germany 20%.  MORE