UK natural gas at three year low

IES energy consultancy

Inspired Energy PLC’s Nick Campbell has contributed to an article in Bloomsberg News, as U.K. natural gas fell to a three-year low. Weather forecasts pointed to higher temperatures this week than previously estimated and demand declined to the lowest level since October.

“It’s what we keep referring to as a perfect storm, in that we’ve had an incredibly mild first quarter, which left an overhang of storage,”

 “Demand is not there really to fill up storage and that’s all been weighing on spot and prompt and it’s just giving everything a very bearish feel to it.”

Nick Campbell, Risk Manager

View the full article on UK Natural Gas here.