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Gas Market Responds to National Grid’s Plea for Supply in U.K. [Bloomberg Business News]

NATIONAL GRID (NGG)  More Company Research Source: Bloomberg Business News
US:NYSE Investor Relations: investors.nationalgrid.com
PDF By Mathew Carr and Anna Shiryaevskaya Grid manager says demand has surged with this week’s cold snap Russia’s Gazprom ended February with record shipments Natural gas markets have responded to a plea for fresh supplies in the U.K. after a blast of Arctic air lifted demand for heating and electricity. The nation’s pipeline manager National Grid Plc and the government moved to reassure consumers followed a surge in U.K. gas prices for prompt delivery to the highest in at least a decade. The bout of unusually cold weather is due to continue into the weekend, with heavy snow forecast for some places in Britain on Friday. “Demand remains high, and weather conditions are still extreme in some parts of the U.K., so we continue to monitor the market very closely,” National Grid said in a statement late Thursday. “Protecting customer supplies is always our first priority. Domesti [Read more]

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