UK Spot Gas up 8 Percent as Europe Imports More

Reuters reported that British spot gas rose more than 8 percent after exports to mainland Europe surged and supply in the domestic market fell short of demand.

As quoted in the market news:

Gas for immediate delivery surged to 58.25 pence per therm as utilities in Europe leaned heavily on imports from Britain as heating demand increased, sucking 42 million cubic meters/day (mcm/day) away from the UK.

Click here to read the full Reuters report.