Monday, July 16, 2007

U.K. Natural Gas Rises, Exceeding U.S. Prices, as Shutdowns Crimp Supplies

(Bloomberg) -- U.K. natural gas for delivery in
October rose above the corresponding price in the U.S.,
suggesting more cargoes of the fuel may be delivered to Britain
at the start of the country's heating season.

U.K. gas for October delivery gained 4.9 percent to trade at
34.4 pence a therm at 10:40 a.m. in London, according to prices
on Bloomberg from the energy broker Spectron Group Plc. That's
equivalent to $7.02 a million British thermal units. A therm is
100,000 Btus.


Read more at Bloomberg Energy News

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