Financial Times FT.com

Stockpiling hits natural gas

By Gregory Meyer and Javier Blas

Published: September 3 2009 11:29 | Last updated: September 3 2009 22:41

US natural gas dropped to a fresh 7½-year low on Friday as injections into burgeoning storage facilities continued, while prices in the UK and continental Europe also fell sharply.

Natural gas for October delivery at Henry Hub, the US pipeline node, fell 7.6 per cent to $2.508 per million British thermal units, earlier touching $2.500, the weakest since March 2002.

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