U.K. Gas Rises to 21-Month High as Supply Falls; Power Declines
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U.K. natural gas advanced to its highest level since February 2009 as National Grid Plc predicted a shortfall of supplies after imports fell. Power declined, tracking earlier fuel losses.
National Grid forecast the U.K.’s pipelines will hold 335 million cubic meters at 6 a.m. tomorrow, almost 12 million less than at the start of today. The grid manager estimated demand will rise to 438 million cubic meters by that time, 93 million more than normal for the time of year.