Page 86 - 2025 HEG Daily Energy Market Report
P. 86
Friday, February 13, 2026
GAS (p/therm)
WED THU VAR D-1 VAR W-1 AVG. MAX MIN
11/2 12/2 FROM THE BEGINNING OF THIS YEAR
NBP SPOT 79.42 80.92 1.5 -4.88 88.75 105.00 73.35
NBP MAR26 75.14 77.23 2.09 -3.91 80.45 95.20 66.34
NBP APR26 72.77 74.75 1.98 -1.83 73.93 84.33 64.52
NBP MAY26 72.48 74.04 1.56 -0.68 71.54 79.56 63.61
NBP JUN26 71.35 72.35 1 -0.38 69.88 76.91 62.69
NBP JUL26 70.33 71.21 0.88 -0.4 69.06 75.69 62.36
NBP AUG26 70.43 71.25 0.82 -0.52 69.28 75.89 62.76
NBP SEP26 71.67 72.53 0.86 -0.49 70.43 77.01 64.03
NBP OCT26 71.26 72.18 0.92 -0.14 69.82 76.07 63.64
NBP NOV26 75.23 76.18 0.95 0.11 73.37 79.60 67.58
NBP DEC26 77.43 78.98 1.55 0.66 75.41 81.48 69.62
NBP JAN27 79.78 80.98 1.2 0.45 77.28 83.52 71.31
NBP FEB27 79.48 80.78 1.3 0.39 77.25 83.56 71.23
NBP Q2 26 72.20 73.72 1.52 -0.96 71.78 80.26 63.67
NBP Q3 26 70.80 71.65 0.85 -0.47 69.58 76.19 63.04
NBP Q4 26 74.63 75.78 1.15 0.22 72.86 79.04 66.94
NBP Q1 27 77.88 79.21 1.33 0.6 75.82 82.13 69.91
NBP SUM2026 71.50 72.68 1.18 -0.71 70.67 78.21 63.35
NBP WIN2026 76.24 77.47 1.23 0.4 74.32 80.57 68.41
NBP SUM2027 60.75 61.86 1.11 1.13 59.99 63.59 57.74
NBP WIN2027 66.45 67.78 1.33 0.45 67.33 70.12 65.81
NBP SUM2028 52.62 53.34 0.72 -0.32 54.71 58.00 52.62
British near-term gas prices rose on Thursday on colder weather forecasts,
despite higher Norwegian flows. As a result, NBP spot increased by about 2%
to 80.92 p/therm. Further out the curve, the gas price for Summer 2026 delivery
traded 1.6% higher at 72.68 p/therm due to supply concerns.
