Thursday, June 28, 2007

U.K. Natural Gas Price Falls as Belgian Imports Push Supply Above Demand

(Bloomberg) -- U.K. natural gas for immediate
delivery declined as imports of the fuel from Belgium rose,
helping forecast supply to exceed expected demand.

Gas for intraday delivery traded at 21.15 pence a
therm as of 8:10 a.m. in London today, 4.9 percent less
than yesterday's final price for day-ahead gas, according
to data from ICAP Plc. The latest price is equivalent to
$4.23 a million British thermal units. A therm is 100,000
Btus. Gas for delivery tomorrow traded at 20.25 pence a
therm.


Read more at Bloomberg Energy News

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