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British day-ahead natural gas prices rise by 5 pct

Reuters - UK Focus

LONDON, Sept 1 (Reuters) - British natural gas prices for day-ahead delivery rose by more than five percent to 40.20 pence per therm on Tuesday.

Traders said prices were pushed higher due to expectations of high demand on Wednesday and a likely reduction in supply.

British utility Centrica (LSE: CNA.L - news) said an unplanned outage at its North Morecambe gas sub-terminal cut flows to zero on Tuesday.

Expectations of cooler weather on Wednesday were also expected to boost demand for gas from power stations. (Reporting by Susanna Twidale; Editing by Greg Mahlich)