Wednesday, 19 January 2011

UK gas firms as colder weather returns

British gas prices rose early on Wednesday as colder weather returned and
lifted demand levels, but liquefied natural gas (LNG) supply flexibility and
rising long-range gas stocks eased concerns about further price hikes.

Temperatures in Britain dropped on Wednesday, with weather turning chilly
and frost spreading, the Met Office said.

The return of cold weather conditions prompted gas demand to rise above
seasonal averages, after at least one week of below-normal consumption.

National Grid forecast Wednesday gas demand to rise 1.5 percent above
seasonal norms.

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