Advertisement
UK markets close in 39 minutes

  • FTSE 100

    8,040.11
    +16.24 (+0.20%)
     

  • FTSE 250

    19,758.35
    +158.96 (+0.81%)
     

  • AIM

    754.87
    +5.69 (+0.76%)
     

  • GBP/EUR

    1.1625
    +0.0037 (+0.32%)
     

  • GBP/USD

    1.2440
    +0.0090 (+0.73%)
     

  • Bitcoin GBP

    53,614.02
    +359.49 (+0.68%)
     

  • CMC Crypto 200

    1,444.03
    +29.27 (+2.07%)
     

  • S&P 500

    5,061.16
    +50.56 (+1.01%)
     

  • DOW

    38,464.56
    +224.58 (+0.59%)
     

  • CRUDE OIL

    82.27
    +0.37 (+0.45%)
     

  • GOLD FUTURES

    2,333.50
    -12.90 (-0.55%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,104.42
    +243.62 (+1.36%)
     

  • CAC 40

    8,096.61
    +56.25 (+0.70%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

UK GAS-Ample Norwegian, LNG supply weighs on prices

Reuters - UK Focus

* Gas prices drop across the board

* Demand higher on cold weather

Feb 3 (Reuters) - British wholesale gas prices fell on Wednesday as pipeline supplies and liquefied natural gas (LNG) imports rose.

Gas for immediate delivery traded down 0.05 pence at 29.60 pence per therm as of 0920 GMT. Gas for day-ahead delivery dropped 0.25 pence to 29.65 p/therm.

Britain's gas system was oversupplied by 15 million cubic metres (mcm), with demand forecast at 297.2 mcm, rising above Tuesday levels as Britons turned up thermostats against the cold, according to National Grid (LSE: NG.L - news) data.

The Met Office forecasts temperatures of around one to six degrees Celsius on Wednesday.

ADVERTISEMENT

Marcel Boonaert, head of trading and portfolio at Wingas UK, said colder weather and greater take-up of gas to produce electricity had pushed overall demand above the seasonal average.

Imports from Norway's Langeled pipeline were around 58 mcm, up from around 53 mcm the previous day.

A third UK-bound LNG tanker to deliver supply in February was announced, with the Umm Al Amad due to arrive from Qatar on Feb. 19, shipping data showed.

Total (Swiss: FP.SW - news) flows from Britain's three LNG terminals were 44 mcm/day, with fresh incoming supply expected to keep contributions strong.

Further along the curve, gas for March was trading down 0.05 pence at 29.60 pence per therm.

In the Netherlands, the day-ahead gas price at the TTF hub fell 0.20 euro to 12.85 euros per megawatt-hour, while in the European carbon market, front-year allowances were down 0.07 euro at 5.77 euros a tonne. (Reporting by Oleg Vukmanovic in Milan; Editing by Dale Hudson)