U.K. Gas Gains Most Since 2011 as German Prices Surge on Crimea
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Natural gas prices from the U.K. to Germany jumped amid escalating tension in Ukraine, the main transit route of the fuel from Russia to consumers in the west.
U.K. gas for next-month delivery climbed 10 percent, the biggest one-day gain since September 2011, on the ICE Futures Europe exchange in London. Dutch gas for April 2014 also increased 10 percent, the most ever, while the German contract at the NetConnect hub rose 8 percent, according to broker data compiled by Bloomberg.