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UK gas prices firm on undersupplied gas system
Imaduddin
16 Dec, 2014
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Copyright Reuters, 2014
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![](https://i.brecorder.com/images/2014/12/natural-gas-dec.jpg">LONDON: Prompt natural gas prices in Britain firmed on Tuesday, supported by an undersupplied system, as reduced flows from the St. Fergus terminal in Scotland tightened supply.</P><P>Prices for next-day delivery edged up 0.05 pence to 53.55 pence per therm at 1059 GMT.</P><P>The gas system was 18 million cubic metres (mcm) undersupplied, with flows forecast at 280 mcm/day and demand at 298 mcm, according to National Grid data.</P><P>An unplanned outage at Total's St. Fergus gas terminal which cut production by an estimated 8 mcm/day on Monday is set to continue for a further 24 hours.</P><P>)