Page 46 - Demo

Monday, December 1, 2025GAS (p/therm) THUFRIVAR D-1 VAR W-1AVG.MAXMIN 27/11 28/11FROM THE BEGINNING OF THIS YEARNBP SPOT74.90 75.300.4-3.790.39145.3063.10NBP JAN2676.47 75.29-1.18-4.598.10134.3975.29NBP FEB2676.08 75.14-0.94-4.4597.70132.9475.14NBP MAR2672.78 71.84-0.94-4.4893.95128.7571.84NBP APR2669.89 69.17-0.72-3.986.62112.7169.17NBP MAY2668.34 67.70-0.64-3.2882.60106.2267.70NBP JUN2667.58 66.84-0.74-3.5680.87104.4466.84NBP JUL2667.37 66.63-0.74-3.3780.73104.0166.63NBP AUG2668.31 67.57-0.74-3.3581.55104.4267.57NBP SEP2669.60 68.86-0.74-3.3582.53104.7968.86NBP OCT2670.33 69.58-0.75-3.3284.30105.0969.58NBP NOV2674.90 74.04-0.86-3.4387.89105.1974.04NBP DEC2677.00 76.14-0.86-3.4389.73105.8076.14NBP Q1 2675.08 74.06-1.02-4.4796.55132.0074.06NBP Q2 2668.60 67.90-0.7-3.5883.36107.6467.90NBP Q3 2668.41 67.67-0.74-3.3681.59104.4067.67NBP Q4 2674.07 73.24-0.83-3.487.30105.3473.24NBP SUM202668.51 67.79-0.72-3.4682.47106.0067.79NBP WIN202675.50 74.66-0.84-3.3988.29104.6174.66NBP SUM202763.92 63.06-0.86-2.3372.4881.8963.06NBP WIN202772.26 71.55-0.71-2.7579.7186.8671.55NBP SUM202859.80 59.10-0.7-1.9966.1171.7259.10The British spot gas price increased by 0.5% to 75.30 p/therm on Friday,supported by a surge in EU storage withdrawals and anticipated higher LocalDistribution Zone demand, tightening the overall supply-demand balance. Onthe forward curve, the Summer 2026 delivery contract fell by 1%, settling at67.79 p/therm, as the market stayed relatively calm despite reduced storage,aided by consistent LNG deliveries.