UK gas prices lower on milder weather, LNG deliveries

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British prompt gas prices lost ground on Tuesday as expected lower demand and milder weather would likely alleviate the impact of supply outages later this week, traders said.

The price of gas for Tuesday delivery fell to 72 pence per therm, down 1.30p from the end of trading on Monday, while the May contract traded 0.65p lower at 66.95p, further narrowing the gap between the two contracts as Britain moves into spring, when demand is more predictable.

Gas for immediate delivery fell 1 pence to 72.50 pence.

via UK gas prices lower on milder weather, LNG deliveries | Reuters.

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