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Stockreport

Big Freeze Stretches U.K. Gas Supplies as Prices Skyrocket [Bloomberg Business News]

NATIONAL GRID (NGG)  More Company Research Source: Bloomberg Business News
US:NYSE Investor Relations: investors.nationalgrid.com
PDF National Grid forecasts possible deficit in gas supply Storm Emma brings fresh snowfall across large parts of Britain Storm Emma Dumps Snow On U.K. The freezing weather entrenched across much of Europe stretched Britain’s supply of natural gas on Thursday as fresh snowfall hit much of the country. Prices for Thursday more than doubled as National Grid Plc, operator of the Britain’s gas pipeline network, said there could be a gas deficit by the end of the day as lower-than-expected supply meets with elevated demand caused by the severe weather. While there’s little prospect of gas running out, the grid offered to pay industrial users to curb consumption. A weather system that’s been dubbed Storm Emma is moving northward across Britain bringing forecasts for heavy snowfall through the midlands, northern England and Scotland. A red weather warning -- meaning a potential risk t [Read more]

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