Wednesday, July 4, 2007

U.K. Natural Gas Rises on Forecast Above-Average Demand May Exceed Supply

(Bloomberg) -- U.K. natural gas for same-day
delivery rose as forecasts showed supply may fall short of
expected demand. The week-ahead price also increased.

U.K. gas for delivery today traded at 24.5 pence a therm,
up 4.5 percent from the last day-ahead price yesterday,
according to data from broker ICAP Plc. The price is equivalent
to $4.94 a million British thermal units. A therm is 100,000
Btus. Intraday gas traded last at 23.5 pence a therm yesterday.


Read more at Bloomberg Energy News

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