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UK GAS-PROMPT PRICES RISE AS COLD WEATHER INCREASES DEMAND
11/8/2019 12:00:00 AM

Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

Low temperatures have increased demand for gas, causing prices to move up, a gas trader said, adding he expected them to settle at lower levels later in the day.

Average daily temperatures are forecast at 5.5 degrees Celsius on Wednesday, colder than previously seen, and are expected to fall to 4C during the weekend. The temperature-driven demand offset a rise in imported gas supplies.

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