Page 109 - Demo

Thursday, November 6, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 4/115/11FROM THE BEGINNING OF THIS YEARNBP SPOT78.31 77.30-1.01-1.1591.50145.3067.83NBP DEC2585.03 83.01-2.02-0.698.83135.0080.87NBP JAN2686.31 84.60-1.71-0.4199.43134.3982.53NBP FEB2686.23 84.63-1.6-0.4499.00132.9482.66NBP MAR2682.91 81.49-1.42-0.295.21128.7579.51NBP APR2679.17 77.94-1.23-0.2587.56112.7176.49NBP MAY2676.91 75.81-1.10.0283.39106.2274.08NBP JUN2676.23 75.13-1.1-0.1181.58104.4471.89NBP JUL2675.91 74.92-0.99-0.0681.44104.0172.46NBP AUG2677.03 76.04-0.99082.25104.4273.26NBP SEP2678.04 77.05-0.990.0383.21104.7973.41NBP OCT2679.43 78.83-0.60.0185.05105.0976.00NBP NOV2683.96 83.36-0.6-0.3688.55105.1980.24NBP Q1 2685.11 83.54-1.57-0.3597.84132.0081.53NBP Q2 2677.43 76.29-1.14-0.1184.17107.6474.71NBP Q3 2676.98 75.99-0.99-0.0182.29104.4073.04NBP Q4 2683.02 82.42-0.6-0.1987.99105.3479.86NBP SUM202677.21 76.14-1.07-0.0683.22106.0074.01NBP WIN202684.26 83.66-0.6-0.2288.94104.6180.91NBP SUM202770.67 70.07-0.6-0.5272.9081.8967.41NBP WIN202779.29 78.69-0.6-0.1980.0386.8675.08NBP SUM202865.12 64.57-0.55-0.5566.4171.7262.79The NBP spot price dropped by 1.3% to 77.30 p/therm on Wednesday, withmild temperatures easing demand despite lower wind generation. On theforward curve, the Summer 2026 delivery contract dipped by 1.4% to 76.14p/therm, driven by strong supply, as preliminary Kpler data showed LNGimports to the EU-27 and the UK surged 22% in October to a seven-monthpeak of 10.12 million tonnes (13.8 bcm).