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Wednesday, March 18, 2026GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 16/317/3FROM THE BEGINNING OF THIS YEARNBP SPOT124.75 127.302.5510.894.42140.0071.25NBP APR26129.44 131.201.7610.5786.96143.5364.52NBP MAY26128.10 129.911.8111.4584.73141.5063.61NBP JUN26124.12 125.831.7111.482.30135.0762.69NBP JUL26121.37 123.912.5413.3880.57129.9562.36NBP AUG26121.96 124.212.2514.1580.50128.9862.76NBP SEP26121.88 124.562.6813.8681.40129.4264.03NBP OCT26120.68 123.192.5114.3480.63127.6763.64NBP NOV26123.35 125.592.2414.9983.86129.3767.58NBP DEC26124.68 127.492.8114.6585.84131.7269.62NBP JAN27124.34 127.363.0214.8287.05130.4071.31NBP FEB27122.73 125.702.9714.2186.44128.4671.23NBP MAR27113.54 116.462.9214.6881.05118.7667.33NBP Q2 26127.23 128.991.7611.1484.66140.0563.67NBP Q3 26121.74 124.222.4813.7980.82129.4563.04NBP Q4 26122.90 125.422.5214.6583.44129.5966.94NBP Q1 27120.12 123.092.9714.5884.79125.7969.91NBP SUM2026124.47 126.592.1212.4782.73134.7263.35NBP WIN2026121.52 124.272.7514.6284.11127.7168.41NBP SUM202786.2987.901.617.8965.0289.6557.74NBP WIN202786.0987.391.36.7570.3187.3965.81NBP SUM202861.7662.340.584.2455.2762.3452.62The British spot gas price rose by 2% to 127.30 p/therm on Tuesday, supportedby stronger Asian demand and reduced flows due to Karsto maintenance,cutting supply by 6.6 mcm/day. On the forward curve, the Summer 2026delivery contract gained 1.7% to 126.59 p/therm, as fears persist that Hormuzdisruptions could extend if Iran deploys mines.