Page 77 - Demo

Tuesday, November 18, 2025GAS (p/therm) FRIMON VAR D-1 VAR W-1AVG.MAXMIN 14/11 17/11FROM THE BEGINNING OF THIS YEARNBP SPOT80.75 82.251.511.7590.88145.3063.10NBP DEC2582.39 82.36-0.031.5898.21135.0080.03NBP JAN2683.28 83.310.031.0398.84134.3981.23NBP FEB2683.45 83.460.010.9498.43132.9481.42NBP MAR2680.33 80.18-0.150.6894.67128.7578.54NBP APR2676.70 76.48-0.220.2587.17112.7175.49NBP MAY2674.70 74.08-0.62-0.0883.07106.2273.23NBP JUN2673.53 73.08-0.45-0.581.30104.4471.89NBP JUL2673.58 73.07-0.51-0.2881.16104.0172.40NBP AUG2674.53 74.02-0.51-0.3881.97104.4273.26NBP SEP2675.83 75.32-0.51-0.0682.94104.7973.41NBP OCT2676.45 75.96-0.49-1.0384.76105.0975.55NBP NOV2681.50 80.90-0.6-0.988.30105.1980.24NBP Q1 2682.32 82.28-0.040.8897.28132.0080.36NBP Q2 2674.97 74.54-0.43-0.1183.84107.6473.78NBP Q3 2674.63 74.12-0.51-0.2582.01104.4073.04NBP Q4 2680.42 79.94-0.48-0.8887.73105.3479.57NBP SUM202674.80 74.33-0.47-0.1882.92106.0073.59NBP WIN202681.86 81.45-0.41-0.6688.70104.6180.91NBP SUM202768.60 68.26-0.34-0.6472.7581.8967.41NBP WIN202777.34 77.00-0.34-0.6479.9386.8675.08NBP SUM202863.43 63.09-0.34-0.8266.3171.7262.79The British spot gas price rose by nearly 2% to 82.25 p/therm on Monday,driven by plunging temperatures across northwest Europe and the move of EUstorage sites into net withdrawal mode. However, strong supply weighed on theforward curve, pushing the Summer 2026 delivery contract 0.6% lower to 74.33p/therm, as UK Medium-Range Storage facilities remained around 90% full andLNG inventories at 82%.