Recent news that an important gas pipeline would be out of action for weeks caused headlines over fears it would cause energy bills to rise. You can see why: gas prices rose as GB shippers tried to attract LNG cargoes to our terminals to fill the gap. It’s an indication of how much spare capacity we have in the system that terminals are under-used.

That gas price increase will be fed through large companies that have market exposure. If the price stays high it will no doubt mean domestic suppliers increase their prices in future.