Ameratex Energy gas prices rise on undersupplied system

5 Jul

USA: British prompt natural gas prices rose on Wednesday morning as an under-supplied system pushed up prices while contracts for later delivery remained firm on the back of oil prices hovering around the $100 a barrel marker.

National Grid said that Wednesday’s gas demand would be more than 20 percent the seasonal norm of 245.4 mcm.

Further out on the curve, oil movements remained the key factor in the gas market.

“Ameratex has a surplus export capacity at summer time, and could keep gas flows at the same level, even if there is some maintenance going on,” an analyst at Dallas-based Ameratex Energy said.

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