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Thursday, April 9, 2026GAS (p/therm) TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 7/48/4FROM THE BEGINNING OF THIS YEARNBP SPOT132.80 114.00-18.8-6.21103.13153.5071.25NBP MAY26135.00 114.25-20.75-6.1795.78155.9763.61NBP JUN26133.20 112.50-20.7-6.1493.46152.3562.69NBP JUL26131.59 110.90-20.69-6.5991.76149.8062.36NBP AUG26132.31 111.72-20.59-6.1991.82149.6562.76NBP SEP26132.84 112.83-20.01-6.1292.73150.1564.03NBP OCT26132.52 112.54-19.98-5.6192.03149.8863.64NBP NOV26135.97 116.19-19.78-5.8595.29152.5867.58NBP DEC26137.62 117.84-19.78-5.9597.27154.4869.62NBP JAN27138.36 118.58-19.78-6.8298.36153.6571.31NBP FEB27137.27 117.49-19.78-5.7797.56151.2071.23NBP MAR27127.43 107.65-19.78-6.5691.28141.4667.33NBP APR27109.7395.06-14.67-6.2580.06120.7361.58NBP Q3 26132.24 111.81-20.43-6.392.10149.8663.04NBP Q4 26135.36 115.52-19.84-5.894.86152.3166.94NBP Q1 27134.26 114.48-19.78-6.495.67148.6969.91NBP Q2 2799.5587.56-11.99-5.2374.08110.4758.95NBP WIN2026134.82 115.00-19.82-6.195.26150.5268.41NBP SUM202797.0885.67-11.41-5.1972.27107.1657.74NBP WIN202795.7785.93-9.84-4.8376.21105.3765.81NBP SUM202868.8265.10-3.72-0.7758.2773.0952.62NBP WIN202875.0871.00-4.08-0.1965.7876.6561.00A two-week ceasefire agreement between the US and Iran, coupled withguarantees of safe passage via the Strait of Hormuz, pushed the NBP spotcontract down by 14% to 114 p/therm on Wednesday. On the forward curve, theWinter 2026 delivery contract plunged by 14.7% to 115 p/therm amid optimismover LNG supply recovery, though the absence of Qatar facilities restarttempered the impact.