UK Natural Gas Holds Above 161 Pence on Supply Concerns
UK natural gas prices hold above 161 pence per therm, the highest since January 2023, as US-Iran tensions, stranded Qatari LNG cargoes, and low European storage tighten the market.
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UK natural gas prices hold above 161 pence per therm, the highest since January 2023, as US-Iran tensions, stranded Qatari LNG cargoes, and low European storage tighten the market.
An EU Commission spokesperson says there is no immediate concern for EU gas supply because storage is at 62% capacity.