Page 129 - Demo

Wednesday, October 29, 2025GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 27/10 28/10FROM THE BEGINNING OF THIS YEARNBP SPOT76.28 77.661.380.4191.94145.3067.83NBP NOV2578.76 79.610.85-1.6297.09133.5278.76NBP DEC2581.57 82.380.81-0.8799.28135.0081.57NBP JAN2682.96 83.860.9-0.8299.86134.3982.96NBP FEB2683.08 83.940.86-0.7799.41132.9483.08NBP MAR2679.88 80.570.69-0.7695.61128.7579.88NBP APR2676.64 77.260.62-0.4787.84112.7176.64NBP MAY2674.51 75.120.61-0.2383.61106.2274.39NBP JUN2673.74 74.350.61-0.4881.77104.4471.89NBP JUL2673.64 74.260.62-0.2781.63104.0172.46NBP AUG2674.71 75.330.62-0.2882.43104.4273.26NBP SEP2675.69 76.310.62-0.2983.40104.7973.41NBP OCT2677.14 77.860.720.2885.24105.0976.00NBP Q1 2681.94 82.750.81-0.7998.26132.0081.94NBP Q2 2674.96 75.570.61-0.3984.40107.6474.96NBP Q3 2674.67 75.290.62-0.2882.48104.4073.04NBP Q4 2680.98 81.690.710.2388.15105.3479.86NBP SUM202674.81 75.430.62-0.3483.43106.0074.01NBP WIN202682.30 82.990.690.1289.10104.6180.91NBP SUM202769.59 69.920.33-0.4572.9881.8967.41NBP WIN202777.87 78.340.47-0.0880.0686.8675.08NBP SUM202864.33 64.730.4-0.3866.4671.7262.79The British spot gas price rose by 1.8% to 77.66 p/therm on Tuesday, driven byrenewed supply concerns after Russian attacks on Ukrainian energy facilities,with shortages reported in central and eastern Ukraine. On the forward curve,the Summer 2026 delivery contract added 0.8% to settle at 75.43 p/therm, asuncertainty over whether a colder-than-expected winter could tighten Europeangas balances persists, although current LNG availability provides some relief.