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Wednesday, November 19, 2025GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 17/11 18/11FROM THE BEGINNING OF THIS YEARNBP SPOT82.25 83.150.920.0590.86145.3063.10NBP DEC2582.36 83.501.142.4498.15135.0080.03NBP JAN2683.31 84.220.911.698.78134.3981.23NBP FEB2683.46 84.200.741.498.37132.9481.42NBP MAR2680.18 80.870.691.0494.61128.7578.54NBP APR2676.48 76.970.490.3987.13112.7175.49NBP MAY2674.08 74.760.680.4783.03106.2273.23NBP JUN2673.08 73.770.690.0681.27104.4471.89NBP JUL2673.07 73.680.610.1681.13104.0172.40NBP AUG2674.02 74.630.610.0681.94104.4273.26NBP SEP2675.32 75.930.610.3882.91104.7973.41NBP OCT2675.96 76.490.53-0.2484.72105.0975.55NBP NOV2680.90 81.280.38-0.2688.27105.1980.24NBP Q1 2682.28 83.060.781.3497.21132.0080.36NBP Q2 2674.54 75.160.620.3183.80107.6473.78NBP Q3 2674.12 74.730.610.1981.98104.4073.04NBP Q4 2679.94 80.370.43-0.1887.69105.3479.57NBP SUM202674.33 74.950.620.2682.89106.0073.59NBP WIN202681.45 81.850.4-0.0988.67104.6180.91NBP SUM202768.26 68.440.18-0.3572.7381.8967.41NBP WIN202777.00 77.180.18-0.1879.9286.8675.08NBP SUM202863.09 63.240.15-0.3466.3071.7262.79The British spot gas price rose by 1% to 83.15 p/therm on Tuesday, supportedby unplanned outages at the Aasta Hansteen and Dvalin gas fields restrictingNorwegian gas flows by 20.8mcm/day. On the forward curve, the Summer 2026delivery contract added 0.8%, settling at 74.95 p/therm, as solid global supplycould still be offset by possible storage withdrawals in Europe tightening themarket balance.