Wednesday, June 20, 2007

U.K. Natural Gas Day Ahead Drops to Six-Week Low on Rising Supply Forecast

(Bloomberg) -- U.K. natural gas for delivery a day
ahead fell to the lowest in more than six weeks after forecasts
showed supply may outstrip demand.

Gas for delivery a day ahead at the National Balancing
Point, the U.K. trading hub, dropped 1 percent to 20.1 pence a
therm, the lowest since May 8, according to prices on Bloomberg
from broker ICAP Plc. That equals $4 a million British thermal
units. A therm is 100,000 Btus. Gas for same-day delivery traded
at 20 pence a therm.


Read more at Bloomberg Energy News

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