Tuesday, 17 May 2011

Prompt gas rises on tight supply

British prompt gas prices rose on Tuesday as the market was unbalanced following a drop in supply from Norway and liquefied natural gas (LNG) terminals, while sliding crude contracts weighed on prices across the curve.

Gas for Wednesday delivery gained 0.15 pence to 58.25 pence per therm at 0930 GMT, while within-day prices were flat on Monday's trading levels at 58.40 pence.

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