Wednesday, June 27, 2007

U.K. Natural Day-Ahead Gas Little Changed After Imports Satisfy Demand

(Bloomberg) -- U.K. natural gas for delivery today
was little changed after an increase in imports through the
Langeled pipeline from Norway yesterday helped ensure supply
would meet demand.

Gas for intraday delivery traded at 22.3 pence a therm at
12:11 p.m. local time, compared with yesterday's last price for
day-ahead gas of 22.45 pence a therm, according to data from ICAP
Plc. The latest price is equivalent to $4.45 a million British
thermal units. A therm is 100,000 Btus. Day-ahead gas declined
1.6 percent to 22.1 pence a therm.


Read more at Bloomberg Energy News

No comments: