UK wholesale gas prices are at their highest levels in six years thanks to the current shortage. France’s GDF Suez said last night that it was still receiving gas levels 10% below contracted volumes. Italy’s emergency over heating needs forced it to turn to oil-fired power stations to meet demand. Urakine’s Energy Minister says that Russia is still supplying 12% less gas to its infrastructure system then contractually agreed. Ukraine will begin privatizing gas supply companies in May. China is ‘scouring the world’ in a bid to replenish oil supplies lost through the drop in Iranian imports. Russia’s Sakhalin Energy has increased its revenue by $1 billion, year on year, thanks to price hikes.