Gas prices in Britain dropped because of the delay of Transitgas

26/08/2010 08:22 Natural Gas

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Gas prices in Britain dropped after the aggressive selling of the contracts, according to the traders, and because of the weak demand in the nearby markets, since the news release about the delay of the Swiss-Italian connection Transitgas until the end of 2010.

The gas price reduced from 43 pence to 42.30 pence per therm, still gaining an intra-day low of 41.50 pence. According to the National Grid, on Tuesday the system had about 5 million cubic meters short. The Barrow South terminal gas flows have reduced to zero, still considered to be functioning normally, according to Centrica.

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