Wednesday, 30 May 2012

UK prompt gas prices drop as N.Sea supplies improve

K prompt gas prices dropped on Wednesday morning as North Sea gas supplies improved and demand remained far below the seasonal norm because of mild weather and a long weekend ahead.

Gas demand for Wednesday was expected to be 195.7 million cubic metres, almost a quarter below the seasonal norm, according to data from National Grid, and at expected flows of 207.3 mcm, the system was forecast to be 11.6 mcm oversupplied.

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