U.K. Within-Day Natural Gas Jumps to One-Year High on Weather
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U.K. natural gas for same-day delivery jumped to the highest level in more than a year as temperatures fell, boosting demand to a one-month high as Norwegian flows dropped.
Within-day gas surged as much as 17 percent, the biggest intraday gain since April, according to broker data compiled by Bloomberg. Demand in the 24 hours to 6 a.m. tomorrow was predicted at 372 million cubic meters, the most since Jan. 24 and above the seasonal normal of 303 million, National Grid Plc data show. Flows from Norway, the U.K.’s biggest source of imported gas, were at 91 million cubic meters a day versus a 10-day average of 111 million, Gassco AS data show.