Page 126 - Demo

Monday, March 9, 2026GAS (p/therm) THUFRIVAR D-1 VAR W-1AVG.MAXMIN 5/36/3FROM THE BEGINNING OF THIS YEARNBP SPOT128.00 133.255.2553.5590.16137.0071.25NBP APR26131.50 137.425.9258.8580.43140.9964.52NBP MAY26125.82 134.178.3556.1978.14135.3263.61NBP JUN26118.01 127.309.2950.6276.01127.9662.69NBP JUL26111.01 121.3110.346.1374.52121.3162.36NBP AUG26108.12 120.0111.8944.8374.44120.0162.76NBP SEP26107.59 121.0913.544.6675.44121.0964.03NBP OCT26106.41 119.3212.9143.0474.76119.3263.64NBP NOV26107.54 121.0213.4840.8478.17121.0267.58NBP DEC26108.41 123.6715.2641.1980.16123.6769.62NBP JAN27106.88 121.2314.3537.581.61121.2371.31NBP FEB27103.73 118.8315.135.5581.12118.8371.23NBP MAR2795.68109.0513.3730.876.34109.0567.33NBP Q2 26125.12 132.987.8655.2378.19134.7663.67NBP Q3 26108.92 120.8011.8845.2174.79120.8063.04NBP Q4 26107.45 121.3413.8941.777.69121.3466.94NBP Q1 27102.04 116.2914.2534.5979.64116.2969.91NBP SUM2026116.98 126.869.8850.276.48126.9163.35NBP WIN2026104.78 118.8414.0638.1878.66118.8468.41NBP SUM202773.9081.177.2717.6762.0681.1757.74NBP WIN202773.9179.805.8911.2768.1879.8065.81NBP SUM202855.0256.221.22.7554.4858.0052.62Supply risks from the Middle East lifted British spot gas by over 4% to 133.25p/therm on Friday. Analysts flagged that regional LNG exports could fall by asmuch as 71% in March, reducing global supply and redirecting cargoes fromEurope to Asia. Along the curve, the Summer 2026 delivery contract jumped by8.5% to 126.86 p/therm amid concerns that a prolonged halt in Qatari LNGcould limit EU storage, which were last seen 29.6% full.