Thursday, June 21, 2007

U.K. Natural Gas for Next Day Rises Because Supply May Fall Below Demand

(Bloomberg) -- U.K. natural gas for delivery a day
ahead rose as forecasts showed today's supply may fall below
demand for the fuel.

Day-ahead gas for delivery at the National Balancing Point,
the U.K. trading hub, rose 1 percent to 20.75 pence a therm,
after yesterday touching the lowest since May 8, according to
prices on Bloomberg from broker ICAP Plc. That's equivalent to
$4.13 a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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