Page 137 - Demo

Thursday, October 23, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 21/10 22/10FROM THE BEGINNING OF THIS YEARNBP SPOT77.25 76.50-0.75-4.592.22145.3067.83NBP NOV2581.23 79.53-1.7-1.4397.41133.5279.53NBP DEC2583.25 82.27-0.98-0.3899.59135.0082.11NBP JAN2684.68 83.79-0.89-0.47100.16134.3983.59NBP FEB2684.71 83.93-0.78-0.6199.70132.9483.75NBP MAR2681.33 80.63-0.7-0.5895.88128.7580.36NBP APR2677.73 77.47-0.26-0.0788.03112.7176.67NBP MAY2675.35 75.12-0.23-0.1683.76106.2274.39NBP JUN2674.83 74.67-0.16-0.1281.90104.4471.89NBP JUL2674.53 74.49-0.040.0181.76104.0172.46NBP AUG2675.61 75.57-0.04-0.0882.56104.4273.26NBP SEP2676.60 76.55-0.05-0.1983.52104.7973.41NBP OCT2677.58 77.800.220.7885.37105.0976.00NBP Q1 2683.54 82.75-0.79-0.5598.54132.0082.53NBP Q2 2675.96 75.75-0.21-0.1184.56107.6474.99NBP Q3 2675.57 75.53-0.04-0.0882.60104.4073.04NBP Q4 2681.46 81.710.250.3188.27105.3479.86NBP SUM202675.77 75.64-0.13-0.183.58106.0074.01NBP WIN202682.87 82.950.080.0689.21104.6180.91NBP SUM202770.37 70.19-0.18-0.1873.0381.8967.41NBP WIN202778.42 78.33-0.09-0.3380.0986.8675.08NBP SUM202865.11 64.91-0.2-0.7266.4971.7262.79Strong supply weighed on British gas prices on Wednesday, with steadyEuropean LNG deliveries and weak demand from Asia. Hence, the British spotgas price fell by 1% to 76.50 p/therm. On the forward curve, the Summer 2026delivery contract slipped by 0.2% to 75.64 p/therm.