Page 93 - Demo

Wednesday, November 12, 2025GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 10/11 11/11FROM THE BEGINNING OF THIS YEARNBP SPOT70.50 63.10-7.4-15.2191.15145.3063.10NBP DEC2580.78 81.060.28-3.9798.51135.0080.78NBP JAN2682.28 82.620.34-3.6999.14134.3982.28NBP FEB2682.52 82.800.28-3.4398.71132.9482.52NBP MAR2679.50 79.830.33-3.0894.94128.7579.50NBP APR2676.23 76.580.35-2.5987.37112.7176.23NBP MAY2674.16 74.290.13-2.6283.23106.2274.08NBP JUN2673.58 73.710.13-2.5281.45104.4471.89NBP JUL2673.35 73.520.17-2.3981.30104.0172.46NBP AUG2674.40 74.570.17-2.4682.11104.4273.26NBP SEP2675.38 75.550.17-2.4983.08104.7973.41NBP OCT2676.99 76.73-0.26-2.784.91105.0976.00NBP NOV2681.80 81.54-0.26-2.4288.43105.1980.24NBP Q1 2681.40 81.720.32-3.3997.56132.0081.40NBP Q2 2674.65 74.850.2-2.5884.01107.6474.65NBP Q3 2674.37 74.540.17-2.4482.16104.4073.04NBP Q4 2680.82 80.55-0.27-2.4787.86105.3479.86NBP SUM202674.51 74.690.18-2.5283.08106.0074.01NBP WIN202682.11 81.94-0.17-2.3288.83104.6180.91NBP SUM202768.90 68.79-0.11-1.8872.8381.8967.41NBP WIN202777.64 77.36-0.28-1.9379.9986.8675.08NBP SUM202863.91 63.58-0.33-1.5466.3771.7262.79The British spot gas price dropped by 10.5% to 63.10 p/therm on Tuesday,amid ample supply, with healthy Norwegian flows, and mild weather. However,on the forward curve, the Summer 2026 delivery contract increased by 0.3% to74.69 p/therm, underpinned by continued Medium Range Storage (MRS)injections.