Resuming glut disrupts North Sea region’s natural gas market equilibrium

03.07.2020

Prompt British wholesale gas prices fell on Thursday morning as imports from Norway increased, leaving the market oversupplied.

The day-ahead contract was down 0.35 pence at 15.00 p/therm by 0848 GMT.

Traders said higher imports, coupled with an expected dip in gas demand from power stations as Britain’s wind power ramps up...