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U.K. Natural Gas Falls as Belgian Imports Reach Two-Year High

Nov. 26 (Bloomberg) -- U.K. natural gas for within-day delivery declined for the first time in seven days as imports from Belgium jumped to the highest in almost two years. Day-ahead power dropped.

The gas contract fell as much as 3 percent, the most since Nov. 1, according to broker data compiled by Bloomberg. Flows from Belgium were as much as 43 million cubic meters a day, the highest since December 2010, National Grid Plc data show.

Gas for today dropped 1.45 pence, or 2.2 percent, to 65.8 pence a therm at 4:31 p.m. London time. Month-ahead gas lost 2 percent to 67.15 pence a therm. That’s equivalent to $10.75 per million British thermal units and compares with $3.75 per million Btu of front-month U.S. gas.

Imports from Norway were at a rate of 96 million cubic meters a day, National Grid data show.

The delivery network will contain 342 million cubic meters of gas at 6 a.m. tomorrow, up from 335 million at the start of today, grid data show.

Gas accounted for 35 percent of U.K. power production at 4:25 p.m., National Grid data show. Coal generated 38 percent, nuclear 14 percent and wind 5.8 percent.

RWE AG started three 400-megawatt units at its natural gas-fired Pembroke power station, and three 500-megawatt units at its Didcot-A site, according to National Grid data. Electricite de France SA delayed the start of the 625-megawatt unit 7 at its Heysham-2 nuclear reactor to Dec. 4 and started the 600-megawatt unit 1 at its Heysham-1 reactor, the company said.

Day-ahead electricity dropped 4 percent to 48 pounds a megawatt-hour, broker data show.

To contact the reporter on this story: Matthew Brown in London at

To contact the editor responsible for this story: Lars Paulsson at

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