Friday, June 8, 2007

U.K. Natural Gas Price Falls After Grid Manager Slashes Demand Forecast

(Bloomberg) -- U.K. natural gas for same-day delivery
had its biggest decline this week after the nation's gas-network
manager cut its forecast for demand in the coming day by more
than 10 percent.

Gas for delivery today at the National Balancing Point, the
U.K. trading hub, fell 6.3 percent to 21.55 pence a therm at 8:30
a.m. in London, according to the broker ICAP Plc. That equals
$4.25 a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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