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                                    Thursday, April 2, 2026GAS (p/therm) TUEWEDVAR D-1 VAR W-1AVG.MAXMIN 31/31/4FROM THE BEGINNING OF THIS YEARNBP SPOT126.00 120.21-5.79-9.54101.46153.5071.25NBP MAY26128.10 120.42-7.68-12.6493.91155.9763.61NBP JUN26126.41 118.64-7.77-12.9191.54152.3562.69NBP JUL26125.38 117.49-7.89-12.7489.83149.8062.36NBP AUG26125.88 117.91-7.97-12.9389.85149.6562.76NBP SEP26127.18 118.95-8.23-13.2290.77150.1564.03NBP OCT26126.33 118.15-8.18-13.5990.07149.8863.64NBP NOV26130.68 122.04-8.64-12.9193.30152.5867.58NBP DEC26132.36 123.79-8.57-13.4595.30154.4869.62NBP JAN27134.01 125.40-8.61-12.7396.41153.6571.31NBP FEB27132.11 123.26-8.85-13.5995.63151.2071.23NBP MAR27123.02 114.21-8.81-13.6289.56141.4667.33NBP APR27107.48 101.31-6.17-8.3778.52120.7361.58NBP Q3 26126.14 118.11-8.03-12.9690.14149.8663.04NBP Q4 26129.78 121.32-8.46-13.3292.88152.3166.94NBP Q1 27129.63 120.88-8.75-13.393.81148.6969.91NBP Q2 2798.3092.79-5.51-6.7372.76110.4758.95NBP WIN2026129.71 121.10-8.61-13.3193.34150.5268.41NBP SUM202796.3290.86-5.46-6.4570.98107.1657.74NBP WIN202796.0090.76-5.24-6.4175.19105.3765.81NBP SUM202869.5565.87-3.68-2.2857.7073.0952.62NBP WIN202874.1371.19-2.94-1.5165.3476.6561.00Hopes  for  de-escalation  in  the  Middle  East  weighed  on  UK  gas  prices  onWednesday, sending the NBP spot contract down 4.6% to 120.21 p/therm afterDonald Trump signalled a potential end to the Iran conflict within 2–3 weeks.On  the  forward  curve,  the  Winter  2026  delivery  contract  tumbled  by  6.6%  to121.10 p/therm, pressured by the start of the injection season and EU storagelevels reaching around 28%, exceeding earlier concerns.
                                
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