A U.K. gas company that supplied 41,000 small enterprises is closing down just weeks after it said it would stop providing the fuel wholesale to other energy suppliers. CNG Group Ltd ., which is partly financed by commodities giant Glencore Plc, said it was “saddened” to be closing after 27 years, in a statement posted on its website. The firm supplied gas to companies in the U.K. including schools and restaurants, many of which may now face rising energy costs as they’re transitioned onto different tariffs with a new supplier. “This is a really sad day for the industry and a really sad day for the company,” Chief Executive Officer Paul Stanley said by phone. CNG had tried unsuccessfully to sell off its business accounts with the help of restructuring firm Interpath Advisory. Its customers are now set to be allocated a new supplier by regulator Ofgem in its […]