Monday, June 18, 2007

U.K. Natural Gas Gains on Forecast for Rising Demand, Decline in Supplies

(Bloomberg) -- U.K. natural gas for intraday
delivery rose as forecasts showed demand may increase today and
supplies of the fuel may decline. The higher within-day costs
boosted day-ahead and next-month prices.

Gas for delivery within day at the National Balancing
Point, the U.K. trading hub, added 0.7 percent to 22.4 pence a
therm at 8:29 a.m. in London, according to energy broker
Spectron Group Plc. That equals $4.44 a million British thermal
units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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