Supply slump lifts North Sea region’s natural gas prices

02.03.2021

British wholesale gas prices rose on Monday morning as an increase in demand for gas for heating and power left the system undersupplied.

The within-day contract was up 1.80 pence at 43.00 p/therm by 0925 GMT. The day-ahead contract was up 1.50 p at 42.75 p/therm.

Traders said forecasts of lower output...