Britain's biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on Tuesday, disrupting gas flows and sending international crude prices to their highest since mid-2015. The closure has struck during a winter freeze in Britain, where snow and ice have driven up demand for heating fuel just as gas flows through the network, which carries a third of Britain's gas produced offshore, were disrupted.
"We are working to get the pipeline restored to full operation as quickly as we can safely do so... We have previously indicated a time frame of three to four weeks and we believe it is no less than two. The pipeline, which carries about 450,000 barrels per day (bpd) of Forties crude, was shut after cracks were found.
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