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                                    Tuesday, April 7, 2026GAS (p/therm) FRIMONVAR D-1 VAR W-1AVG.MAXMIN 3/46/4FROM THE BEGINNING OF THIS YEARNBP SPOT125.25 125.250-10.75102.70153.5071.25NBP MAY26-126.90--11.5694.91155.9763.61NBP JUN26-125.28--11.7692.56152.3562.69NBP JUL26-123.97--11.790.87149.8062.36NBP AUG26-124.57--11.7690.90149.6562.76NBP SEP26-125.46--12.0191.82150.1564.03NBP OCT26-124.44--12.9991.11149.8863.64NBP NOV26-128.17--12.5694.36152.5867.58NBP DEC26-129.71--13.3296.34154.4869.62NBP JAN27-130.75--13.5897.45153.6571.31NBP FEB27-129.32--13.9696.65151.2071.23NBP MAR27-119.90--14.0390.48141.4667.33NBP APR27-107.10--8.279.39120.7361.58NBP Q3 26-124.66--11.8291.19149.8663.04NBP Q4 26-127.43--12.9693.93152.3166.94NBP Q1 27-126.57--13.8594.80148.6969.91NBP Q2 27-96.92--7.7473.49110.4758.95NBP WIN2026-127.00--13.4194.36150.5268.41NBP SUM2027-94.55--7.9871.69107.1657.74NBP WIN2027-94.21--6.6775.77105.3765.81NBP SUM2028-67.69--3.6458.0173.0952.62NBP WIN2028-72.73--1.7565.5676.6561.00The NBP spot contract was unchanged at 125.25 p/therm on Monday, amid thinliquidity during the Easter holiday weekend. On the forward curve, the Winter2026  delivery  contract  was  last  seen  at  127  p/therm.  Although  currentconditions are muted, the market outlook remains uncertain, with prices likely torespond sharply to any geopolitical disruptions.
                                
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