EUROPE

Silver lining in Forties shutdown

THE breakdown of the North Sea Forties pipeline which forced Britain to rely on Russia for gas has highlighted the need for the country to get cracking on its shale gas – and and AJ Lucas-backed Cuadrilla’s drilling plans are the key, UK markets commentator Patrick Heren says.

 Cuadrilla operations.

Cuadrilla operations.

The system, which carries about 450,000 barrels per day of Forties crude to Britain, along with a third of the UK's total offshore natural gas output, has been closed since last Monday after a routine...

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