Strong demand and problems with supplies have supported UK gas prices. The NBP day-ahead rose to 43.2 p/th on Tuesday, higher than it has been since early March. Below-average temperatures in much of the UK have pushed up weather-related gas consumption. This has provided demand-side support for prices, a situation that is expected to continue on Wednesday. UK demand is forecast to be around 6% above seasonal norms, according to National Grid.
Supply-side issues are also supporting prices. Unplanned outages at the Kollsnes plant and the...
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