Page 133 - Demo

Friday, October 24, 2025GAS (p/therm) WEDTHUVAR D-1 VAR W-1AVG.MAXMIN 22/10 23/10FROM THE BEGINNING OF THIS YEARNBP SPOT76.50 77.901.4-3.4192.17145.3067.83NBP NOV2579.53 81.742.21-0.6397.34133.5279.53NBP DEC2582.27 84.302.030.3399.52135.0082.11NBP JAN2683.79 85.842.050.45100.09134.3983.59NBP FEB2683.93 85.952.020.4499.63132.9483.75NBP MAR2680.63 82.521.890.4395.82128.7580.36NBP APR2677.47 79.121.650.8787.99112.7176.67NBP MAY2675.12 76.621.50.7483.73106.2274.39NBP JUN2674.67 76.171.50.8481.88104.4471.89NBP JUL2674.49 75.991.50.9781.74104.0172.46NBP AUG2675.57 77.071.50.8982.53104.4273.26NBP SEP2676.55 78.051.50.7983.49104.7973.41NBP OCT2677.80 79.301.51.7285.34105.0976.00NBP Q1 2682.75 84.731.980.4498.48132.0082.53NBP Q2 2675.75 77.301.550.8284.52107.6474.99NBP Q3 2675.53 77.031.50.8982.58104.4073.04NBP Q4 2681.71 83.021.311.0688.24105.3479.86NBP SUM202675.64 77.161.520.8583.54106.0074.01NBP WIN202682.95 84.261.310.8289.18104.6180.91NBP SUM202770.19 71.401.210.873.0281.8967.41NBP WIN202778.33 79.551.220.9580.0986.8675.08NBP SUM202864.91 65.971.060.0666.4871.7262.79The British spot gas price increased by 1.8% to 77.90 p/therm on Thursday,bolstered by forecasts of cooler weather in the coming days and anticipatedshort-term demand growth. On the forward curve, the Summer 2026 deliverycontract soared by 2% to 77.16 p/therm, following the EU’s approval of a freshsanctions package on Russia, which includes a ban on LNG imports starting inearly 2027.