Page 22 - Demo

Friday, October 3, 2025GAS (p/therm) WEDTHUVAR D-1 VAR W-1AVG.MAXMIN 1/102/10FROM THE BEGINNING OF THIS YEARNBP SPOT75.60 67.83-7.77-12.1793.16145.3067.83NBP NOV2580.01 80.260.25-4.5498.53133.5280.01NBP DEC2582.79 83.230.44-4.36100.73135.0082.79NBP JAN2684.52 84.920.4-4.11101.21134.3984.52NBP FEB2684.76 85.150.39-3.89100.71132.9484.76NBP MAR2681.61 82.040.43-3.5796.86128.7581.61NBP APR2678.27 78.510.24-3.0188.72112.7178.27NBP MAY2676.17 76.290.12-2.8484.32106.2274.74NBP JUN2675.27 75.380.11-2.7782.37104.4471.89NBP JUL2674.98 75.090.11-2.4282.24104.0172.46NBP AUG2676.14 76.250.11-2.5783.01104.4273.26NBP SEP2677.62 77.730.11-2.4983.95104.7973.41NBP OCT2678.52 78.630.11-3.1285.90105.0977.53NBP Q1 2683.59 84.000.41-3.8699.56132.0083.59NBP Q2 2676.57 76.720.15-2.8785.13107.6475.00NBP Q3 2676.23 76.340.11-2.4983.06104.4073.04NBP Q4 2682.80 83.040.24-2.9288.69105.3479.86NBP SUM202676.40 76.530.13-2.6884.09106.0074.01NBP WIN202684.32 84.600.28-2.7489.59104.6180.91NBP SUM202770.95 71.440.49-1.5573.1781.8967.41NBP WIN202779.44 79.910.47-1.0580.1586.8675.08NBP SUM202866.40 66.820.42-0.9466.5271.7262.79The NBP spot price tumbled by 10% to 67.83 p/therm on Thursday, pressuredby strong Norwegian supplies that offset a 27 mcm/day unplanned outage atthe Troll field. On the forward curve, the Summer 2026 delivery contract gained0.2% to settle at 76.53 p/therm, as lingering concerns over geopolitically drivensupply risks persisted, though weak Asian demand kept gains in check.