Thursday 10 November 2011

UK British prompt gas prices rose on Thursday

British prompt gas prices rose on Thursday as exports to Europe surged and supplies from Norway fell, making the system short of gas.

Gas for immediate delivery rose 2 pence to 59 pence-per-therm as supply fell short of demand, while day-ahead gas traded 1.8 pence higher at 58.50 pence.
Britain exported 56 million cubic meters/day (mcm/day) to Belgium on Thursday, as continental buyers snapped up comparatively cheaper gas from the UK.
Benchmark summer 2012 gas was little changed at 66.45 pence.

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