Page 89 - Demo

Thursday, November 13, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 11/11 12/11FROM THE BEGINNING OF THIS YEARNBP SPOT63.10 68.004.9-9.391.08145.3063.10NBP DEC2581.06 81.250.19-1.7698.44135.0080.78NBP JAN2682.62 82.51-0.11-2.0999.06134.3982.28NBP FEB2682.80 82.60-0.2-2.0398.64132.9482.52NBP MAR2679.83 79.56-0.27-1.9394.87128.7579.50NBP APR2676.58 76.31-0.27-1.6387.32112.7176.23NBP MAY2674.29 74.06-0.23-1.7583.19106.2274.06NBP JUN2673.71 73.47-0.24-1.6681.41104.4471.89NBP JUL2673.52 73.21-0.31-1.7181.27104.0172.46NBP AUG2674.57 74.25-0.32-1.7982.08104.4273.26NBP SEP2675.55 75.21-0.34-1.8483.05104.7973.41NBP OCT2676.73 76.42-0.31-2.4184.88105.0976.00NBP NOV2681.54 81.28-0.26-2.0888.40105.1980.24NBP Q1 2681.72 81.52-0.2-2.0297.49132.0081.40NBP Q2 2674.85 74.61-0.24-1.6883.96107.6474.61NBP Q3 2674.54 74.21-0.33-1.7882.12104.4073.04NBP Q4 2680.55 80.28-0.27-2.1487.83105.3479.86NBP SUM202674.69 74.41-0.28-1.7383.04106.0074.01NBP WIN202681.94 81.67-0.27-1.9988.79104.6180.91NBP SUM202768.79 68.49-0.3-1.5872.8181.8967.41NBP WIN202777.36 77.06-0.3-1.6379.9786.8675.08NBP SUM202863.58 63.28-0.3-1.2966.3671.7262.79The British spot gas price soared by 7.8% to 68 p/therm on Wednesday,supported by forecasts of colder weather and lower Norwegian deliveries afteran unexpected outage at the Karsto processing facility. On the forward curve,prices remained under pressure from comfortable supply and muted Asiandemand, with the Summer 2026 delivery contract slipping by 0.4% to 74.41p/therm.