Page 6 - Demo

Thursday, October 9, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 7/108/10FROM THE BEGINNING OF THIS YEARNBP SPOT85.85 82.95-2.97.3592.83145.3067.83NBP NOV2585.55 83.64-1.913.6398.23133.5280.01NBP DEC2587.16 85.43-1.732.64100.42135.0082.79NBP JAN2688.50 87.06-1.442.54100.93134.3984.52NBP FEB2688.54 87.28-1.262.52100.44132.9484.76NBP MAR2685.14 83.97-1.172.3696.60128.7581.61NBP APR2680.69 79.93-0.761.6688.54112.7178.26NBP MAY2678.28 76.93-1.350.7684.18106.2274.74NBP JUN2677.45 76.76-0.691.4982.25104.4471.89NBP JUL2677.17 76.27-0.91.2982.12104.0172.46NBP AUG2678.33 77.43-0.91.2982.90104.4273.26NBP SEP2679.74 78.83-0.911.2183.85104.7973.41NBP OCT2680.35 79.48-0.870.9685.77105.0977.53NBP Q1 2687.36 86.06-1.32.4799.29132.0083.59NBP Q2 2678.80 77.86-0.941.2984.98107.6475.00NBP Q3 2678.40 77.50-0.91.2782.95104.4073.04NBP Q4 2684.88 84.10-0.781.388.60105.3479.86NBP SUM202678.60 77.68-0.921.2883.96106.0074.01NBP WIN202686.30 85.53-0.771.2189.51104.6180.91NBP SUM202772.50 72.18-0.321.2373.1581.8967.41NBP WIN202780.70 80.36-0.340.9280.1686.8675.08NBP SUM202867.15 66.85-0.30.4566.5371.7262.79The British spot gas price dropped by 3.4% to 82.95 p/therm on Wednesday, asthe market calmed following Russia’s recent missile attacks on Ukraine’s gasnetwork. On the forward curve, the Summer 2026 delivery contract dipped by1.2% to 77.68 p/therm, driven by a year-on-year surge of over 20% in UK LNGimports to 8.4 bcm from January to September, leaving the country well-prepared for the upcoming winter heating season.