Tuesday, 2 October 2012

UK gas prices rise on undersupplied system

Norwegian availability clashing with rising demand, analysts said. Britain's gas market opened over 30 million cubic metres (mcm) undersupplied on Tuesday morning, according to data from

National Grid.

At the same time, analysts said that lower temperatures meant that gas demand would rise further.

'The system has opened very short this morning and consumption is forecast up for day-ahead giving a bullish signal

for the contract,' analysts at Thomson Reuters Point Carbon said.


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