Jump to content
House Price Crash Forum
crash2006

Uk Gas Prices Rise As Norwegian Exports Drop

Recommended Posts

ONDON, April 28 (Reuters) - Wholesale British gas prices rose for a second consecutive day on Thursday after exports by one of Britain's biggest gas sources were cut. The shutdown of the Ormen Lange gas plant overnight, which can supply about a fifth of Britain's demand, left the UK system short of gas on Thursday morning, according to data from National Grid. NGRID-LIN-CHG

Within-day gas prices rose to a high of 55.75 pence per therm at 1015 GMT, nearly a penny higher than Thursday gas traded at the end of the previous session, while prices for gas delivered next month rose to 59.90 pence ($9.93 per mmbtu), up 0.65 pence and Winter 2011/12 hovered around 71.65 pence.

UK gas prices fell early last week after top LNG exporter Qatar said on April 16 it had agreed to send about 5 percent of its annual capacity to Japan, despite the deal being likely to reduce the amount of gas being delivered to Britain.

But the UK gas market has been lifted as influential U.S.-based investment

Looks like more of a headache for Uk consumers.

bank Goldman Sachs raised its UK gas price forecasts for this year because of Japan's increased LNG buying. [iD:nLDE73Q1YS]

Share this post


Link to post
Share on other sites

The Blair feelgood legacy.

Years of suppressed consumer prices and underinvestment. The least bad hangover we could hope for is a big price shock.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 316 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.