Page 10 - Demo

Wednesday, October 8, 2025GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 6/107/10FROM THE BEGINNING OF THIS YEARNBP SPOT85.00 85.850.859.8592.86145.3067.83NBP NOV2585.17 85.550.38598.30133.5280.01NBP DEC2586.97 87.160.193.66100.50135.0082.79NBP JAN2688.51 88.50-0.013.27101.00134.3984.52NBP FEB2688.60 88.54-0.063.15100.51132.9484.76NBP MAR2685.14 85.1402.9796.67128.7581.61NBP APR2680.73 80.69-0.041.9888.58112.7178.26NBP MAY2678.55 78.28-0.271.7884.22106.2274.74NBP JUN2677.50 77.45-0.051.8682.28104.4471.89NBP JUL2677.19 77.17-0.022.0582.15104.0172.46NBP AUG2678.34 78.33-0.012.0282.93104.4273.26NBP SEP2679.77 79.74-0.031.9383.88104.7973.41NBP OCT2680.36 80.35-0.011.1685.80105.0977.53NBP Q1 2687.38 87.36-0.023.1399.36132.0083.59NBP Q2 2678.92 78.80-0.121.8785.02107.6475.00NBP Q3 2678.42 78.40-0.02282.98104.4073.04NBP Q4 2684.87 84.880.011.4688.62105.3479.86NBP SUM202678.67 78.60-0.071.9483.99106.0074.01NBP WIN202686.28 86.300.021.3989.53104.6180.91NBP SUM202772.42 72.500.081.1773.1681.8967.41NBP WIN202780.56 80.700.140.9180.1686.8675.08NBP SUM202867.00 67.150.150.3766.5371.7262.79The British spot gas price rose by 1% to 85.85 p/therm, lifted by colder weatherforecasts later this week and worries over Russian strikes on Ukraine’s energyinfrastructure, raising the risk of tighter conditions in eastern Europe that mayrequire increased flows this winter. On the forward curve, the Summer 2026delivery contract slipped by 0.1% to 78.60 p/therm, pressured by strong globalLNG supply, roughly 10% above the two-year average.