Tuesday, 14 September 2010

UK Gas Prices: Uncertainty over fundamentals drives prices higher

Uncertainty over supply and demand fundamentals in coming weeks has
continued to drive UK gas prices higher Tuesday with inconsistent system
length and fluctuating Langeled flows causing system pressure, all despite
demand holding 11% below the seasonal average.

Day-ahead gas was trading half a penny higher than the previous close at
39.75 pence a therm, while within-day was up 0.15 p/th higher at 39.25 p/th
by midday London time.


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