Monday, 9 January 2012

UK gas rises as weather due to turn cooler

UK prompt gas prices rose on Monday morning as cooler weather forecasts towards the end of the week increased the demand outlook and after a drop in gas flows from one liquefied natural gas (LNG) terminal left the system tightly supplied.

The within-day gas contract gained 1.05 pence on Monday, rising to 53.90 pence per therm, after supply from the South Hook LNG terminal fell to the lowest since the beginning of the year, tightening supply margins.

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