Friday, July 13, 2007

U.K. Natural Gas Rises on Scarce North Sea Supplies; Power Prices Increase

(Bloomberg) -- U.K. natural gas for delivery next
week rose on scarce supplies of the fuel. Electricity costs
gained as the price of the fuel increased, with weekend prices
at the highest since January.

Gas for delivery a week ahead increased 4.9 percent to
30.15 pence a therm, according to prices on Bloomberg from the
broker ICAP Plc. That's equivalent to $5.95 a million British
thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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