Page 14 - 2025 HEG Daily Energy Market Report
P. 14
Tuesday, December 16, 2025
GAS (p/therm)
FRI MON VAR D-1 VAR W-1 AVG. MAX MIN
12/12 15/12 FROM THE BEGINNING OF THIS YEAR
NBP SPOT 70.70 71.00 0.3 4.25 89.50 145.30 63.10
NBP JAN26 73.24 72.92 -0.32 2.39 96.93 134.39 69.70
NBP FEB26 71.60 70.77 -0.83 1.18 96.51 132.94 68.62
NBP MAR26 68.75 68.02 -0.73 1.14 92.80 128.75 66.01
NBP APR26 66.32 65.69 -0.63 1.13 85.70 112.71 63.93
NBP MAY26 65.33 64.59 -0.74 0.89 81.82 106.22 63.03
NBP JUN26 64.49 63.69 -0.8 0.5 80.13 104.44 62.31
NBP JUL26 64.44 63.59 -0.85 0.53 79.98 104.01 62.25
NBP AUG26 64.78 64.12 -0.66 0.89 80.79 104.42 62.60
NBP SEP26 65.98 65.24 -0.74 0.95 81.78 104.79 63.85
NBP OCT26 66.23 65.64 -0.59 0.72 83.50 105.09 64.10
NBP NOV26 70.48 69.84 -0.64 0.22 87.12 105.19 68.53
NBP DEC26 72.28 71.64 -0.64 0.25 88.96 105.80 70.31
NBP Q1 26 71.18 70.56 -0.62 1.58 95.38 132.00 68.09
NBP Q2 26 65.38 64.66 -0.72 0.85 82.54 107.64 63.09
NBP Q3 26 65.06 64.31 -0.75 0.79 80.84 104.40 62.89
NBP Q4 26 69.65 69.03 -0.62 0.4 86.52 105.34 67.64
NBP SUM2026 65.22 64.48 -0.74 0.81 81.69 106.00 62.99
NBP WIN2026 71.01 70.42 -0.59 0.4 87.52 104.61 69.06
NBP SUM2027 60.49 59.80 -0.69 -0.54 71.96 81.89 59.41
NBP WIN2027 69.10 68.77 -0.33 -0.72 79.27 86.86 68.30
NBP SUM2028 57.00 56.69 -0.31 -1.28 65.75 71.72 56.69
The British spot gas price increased by 0.4% to 71 p/therm, supported by
forecasts for colder weather in the latter half of December, although gains were
limited by reduced demand over the Christmas and New Year period. In
contrast, the Summer 2026 delivery contract fell by 1%, settling at 64.48
p/therm, pressured by strong seasonal LNG deliveries and robust Norwegian
pipeline flows to the EU, recorded at 347 mcm, their highest since early August.
