Monday, July 16, 2007

U.K. Natural Gas Rises as Flow Cut at Shell's Bacton Terminal Cuts Supply

(Bloomberg) -- U.K. natural gas for delivery today
rose to the highest since Jan. 2 after flows of the fuel to a
terminal operated by Royal Dutch Shell Plc halted, cutting
supplies that were already reduced by repairs and maintenance.

Gas for delivery today rose 6.8 percent to 34 pence a therm
from a last day-ahead price on July 13 of 31.85 pence a them.
Today's price is equivalent to $6.92 a million British thermal
units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

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