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Thursday, October 30, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 28/10 29/10FROM THE BEGINNING OF THIS YEARNBP SPOT77.66 78.450.791.9591.89145.3067.83NBP NOV2579.61 80.560.951.0397.01133.5278.76NBP DEC2582.38 83.611.231.3499.21135.0081.57NBP JAN2683.86 85.011.151.2299.79134.3982.96NBP FEB2683.94 85.071.131.1499.35132.9483.08NBP MAR2680.57 81.691.121.0695.54128.7579.88NBP APR2677.26 78.190.930.7287.79112.7176.64NBP MAY2675.12 75.790.670.6783.58106.2274.39NBP JUN2674.35 75.240.890.5781.74104.4471.89NBP JUL2674.26 74.980.720.4981.60104.0172.46NBP AUG2675.33 76.040.710.4782.40104.4273.26NBP SEP2676.31 77.020.710.4783.37104.7973.41NBP OCT2677.86 78.820.961.0285.21105.0976.00NBP Q1 2682.75 83.891.141.1498.19132.0081.94NBP Q2 2675.57 76.400.830.6584.36107.6474.96NBP Q3 2675.29 76.000.710.4782.45104.4073.04NBP Q4 2681.69 82.610.920.988.13105.3479.86NBP SUM202675.43 76.200.770.5683.40106.0074.01NBP WIN202682.99 83.880.890.9389.07104.6180.91NBP SUM202769.92 70.590.670.472.9781.8967.41NBP WIN202778.34 78.880.540.5580.0686.8675.08NBP SUM202864.73 65.120.390.2166.4571.7262.79Maintenance work at Norway’s Troll gas field limited production, cutting pipelinedeliveries to Europe by approximately 60 mcm/day. As a result, the British spotgas price rose by 1% to 78.45 p/therm on Wednesday. On the forward curve,the Summer 2026 delivery contract also added 1% to settle at 76.20 p/therm,bolstered by escalating geopolitical tensions after the Gaza ceasefire collapsedand ahead of upcoming US-China trade discussions.