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Wednesday, March 4, 2026GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 2/33/3FROM THE BEGINNING OF THIS YEARNBP SPOT114.00 137.002361.6686.89137.0071.25NBP APR26113.79 140.9927.266.8276.83140.9964.52NBP MAY26108.95 135.3226.3761.4474.75135.3263.61NBP JUN26103.69 127.9624.2754.7673.00127.9662.69NBP JUL2699.30121.1121.8149.2571.86121.1162.36NBP AUG2697.50119.1321.6346.9571.94119.1362.76NBP SEP2696.60117.1220.5243.6472.99117.1264.03NBP OCT2693.15115.3222.1741.8972.40115.3263.64NBP NOV2695.03115.8220.7938.3875.96115.8267.58NBP DEC2696.26115.4219.1635.7577.99115.4269.62NBP JAN2796.46110.7714.3129.5279.67110.7771.31NBP FEB2794.00104.5510.5523.5379.34104.5571.23NBP MAR2787.1196.038.9219.6874.8296.0367.33NBP Q2 26108.81 134.7625.9561.0174.86134.7663.67NBP Q3 2697.81119.1421.3346.6472.25119.1463.04NBP Q4 2694.81115.5220.7138.6875.44115.5266.94NBP Q1 2792.47103.7611.2924.2777.90103.7669.91NBP SUM2026103.28 126.9123.6353.7973.55126.9163.35NBP WIN202693.66109.7016.0431.5576.66109.7068.41NBP SUM202767.2273.836.6111.0461.1373.8357.74NBP WIN202770.1370.590.462.3867.7070.5965.81NBP SUM202854.0353.73-0.30.254.4458.0052.62On Tuesday, the British spot gas price jumped 20% to 137 p/therm, driven byQatarEnergy’s halt in LNG production at Ras Laffan terminal and persistentconstraints across global supply chains. Further along the curve, the Summer2026 delivery contract rallied by roughly 23% to 126.91 p/therm, as tradersreassessed geopolitical exposure amid intensifying Middle East conflict.