Feb. 8 (Bloomberg) -- U.K. natural gas declined amid forecasts for milder weather that may curb demand for heating.
National Grid Plc forecast gas demand at 331 million cubic meters in the 24 hours through 6 a.m. tomorrow, about 30 million below normal for the time of year. The nation’s pipelines will hold 351 million cubic meters of gas at that time, about 1 million more than at the start of today.
The weather “will become mild” tonight, the U.K.’s Met Office said on it website. London temperatures may rise to 10 degrees Celsius (50 degrees Fahrenheit) tomorrow from a high of 1 degree today, CustomWeather Inc. data show.
Gas for same-day delivery fell 1.6 pence, or 2.9 percent, to 54.15 pence a therm at 4:30 p.m. in London, according to broker prices compiled by Bloomberg. That’s equal to $8.71 a million British thermal units. Gas for tomorrow was at 54.35 pence at 4:30 p.m.
Interconnector (U.K.) Ltd., owner of a reversible pipeline between Britain and Belgium, reverted to U.K. imports last night, according to information on its website.