As glut resumes, prevailing over cold wave, North Sea region’s gas prices remain under pressure


British wholesale gas prices declined on Thursday due to higher liquefied natural gas (LNG) send-out and expectations of stronger wind output.

The day-ahead contract was down 0.80 pence at 21.75 pence per therm by 0840 GMT.

Gas for immediate delivery edged down by 0.05 pence to 22.25 p/therm.

“Lower gas for power demand...