Goldman Sachs Reduces 2013 Forecast for U.K. Gas Price by 19%
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Gas prices at the U.K.’s National Balancing Point will drop this year to 59.7 pence a therm because of lower demand and discounts from pipeline gas suppliers, Goldman Sachs Group Inc. said.
The forecast is 14.1 pence, or 19 percent lower than Goldman’s previous projection, Samantha Dart, a London-based analysts for the firm, said in a report e-mailed today. U.K. NBP prices will rebound starting in 2014 to 66 pence as a stronger economy stokes demand for gas and production declines in northwest Europe, the analysts said.