Tuesday, June 19, 2007

U.K. Day-Ahead Natural Gas Declines as Fuel Supplies in Network Increase

(Bloomberg) -- U.K. natural gas for next-day
delivery declined as the amount of the fuel in the country's
transportation network grew. The month-ahead price fell.

Gas for delivery a day ahead at the National Balancing
Point, the U.K. trading hub, dropped 4.1 percent to 20.95 pence
a therm at 8:02 a.m. in London, according to prices on Bloomberg
from the energy broker ICAP Plc. That equals $4.16 a million
British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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