Tuesday, July 31, 2007

U.K. Natural Gas Declines as Traders Reduce Pipeline Exports to Belgium

(Bloomberg) -- U.K. natural gas fell as traders cut
exports of the fuel to Belgium, potentially increasing supplies
held within the U.K.'s pipeline network.

Gas for delivery in the 24 hours through 6 a.m. tomorrow
dropped 6.7 percent to 30.8 pence a therm, according to prices
on Bloomberg from broker ICAP Plc. That's equivalent to $6.25 a
million British thermal units. A therm is 100,000 Btus. Gas for
delivery a day ahead fell 2.8 percent to 31.4 pence a therm.


Read more at Bloomberg Energy News

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