Thursday, June 7, 2007

U.K. Natural-Gas Prices Decline After National Grid Forecasts Lower Demand

(Bloomberg) -- U.K. natural-gas prices fell after
the nation's gas-network manager forecast demand may decline.

Gas for delivery today at the National Balancing Point, the
U.K. trading hub, dropped 2.2 percent to 22.4 pence a therm at
8:30 a.m. in London, according to broker ICAP Plc. That equals
$4.46 a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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