Page 58 - Demo

Tuesday, November 25, 2025GAS (p/therm) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 21/11 24/11FROM THE BEGINNING OF THIS YEARNBP SPOT79.00 78.00-1-4.2590.66145.3063.10NBP DEC2578.56 77.53-1.03-4.8397.83135.0077.53NBP JAN2679.79 78.79-1-4.5298.47134.3978.79NBP FEB2679.59 78.40-1.19-5.0698.07132.9478.40NBP MAR2676.32 75.11-1.21-5.0794.31128.7575.11NBP APR2673.07 72.36-0.71-4.1286.90112.7172.36NBP MAY2670.98 70.36-0.62-3.7282.84106.2270.36NBP JUN2670.40 69.39-1.01-3.6981.10104.4469.39NBP JUL2670.00 69.29-0.71-3.7880.95104.0169.29NBP AUG2670.92 70.21-0.71-3.8181.77104.4270.21NBP SEP2672.21 71.50-0.71-3.8282.75104.7971.50NBP OCT2672.90 72.17-0.73-3.7984.54105.0972.17NBP NOV2677.47 76.75-0.72-4.1588.11105.1976.75NBP Q1 2678.53 77.40-1.13-4.8896.91132.0077.40NBP Q2 2671.48 70.70-0.78-3.8483.61107.6470.70NBP Q3 2671.03 70.32-0.71-3.881.81104.4070.32NBP Q4 2676.64 75.91-0.73-4.0387.52105.3475.91NBP SUM202671.25 70.51-0.74-3.8282.71106.0070.51NBP WIN202678.05 77.25-0.8-4.288.50104.6177.25NBP SUM202765.39 64.72-0.67-3.5472.6281.8964.72NBP WIN202774.30 73.57-0.73-3.4379.8486.8673.57NBP SUM202861.09 60.51-0.58-2.5866.2271.7260.51The British spot gas price dipped by 1.3% to 78.00 p/therm on Monday,weighed by ample supply as 18 LNG cargoes are scheduled for November andtwo for December. On the forward curve, the Summer 2026 delivery contractdropped by 1%, settling at 70.51 p/therm, amid renewed hopes for US-backedRussia–Ukraine peace talks, despite persistent challenges and worries that theproposed framework could benefit Moscow.