Thursday, July 5, 2007

U.K. Natural Gas Is Little Changed Amid Forecast Demand May Exceed Supply

(Bloomberg) -- U.K. natural gas for delivery today
was little changed after rising to a five-month high yesterday
as forecasts predicted above-average demand will exceed supply.

Gas for delivery today traded at 25.25 pence a therm at
8:09 a.m., 0.2 percent below the last day-ahead price yesterday,
according to prices from broker ICAP Plc on Bloomberg. The price
is equivalent to $5.09 a million British thermal units. A therm
is 100,000 Btus. Intraday gas traded at 25.35 pence yesterday.


Read more at Bloomberg Energy News

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