Wednesday, June 27, 2007

U.K. Natural Gas Rises as Increased Imports Fail to End Supply Shortfall

(Bloomberg) -- U.K. natural gas for delivery today
rose after an increase in imports and withdrawals of the fuel from
storage failed to fully make up for a shortfall in supply.

Gas for intraday delivery traded at 23.25 pence a therm at
5:12 p.m. in London, compared with yesterday's last price for day-
ahead gas of 22.45 pence a therm, according to data from ICAP Plc.
The latest price is equivalent to $4.64 a million British thermal
units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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