U.K. Natural Gas Declines on Fuel Oversupply; Power Price Falls
This article is for subscribers only.
U.K. natural gas declined as demand for fuel to pump into storage fell and the grid manager predicted an oversupply. Power prices also dropped.
National Grid Plc forecast gas demand at 276 million cubic meters in the 24 hours through 6 a.m. London time tomorrow, about 4 million less than earlier predictions. The nation’s pipelines will hold 350 million cubic meters of the fuel at that time, 11 million more than at the start of today.