Page 6 - Demo

Thursday, December 4, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 2/123/12FROM THE BEGINNING OF THIS YEARNBP SPOT72.70 72.50-0.2-3.590.23145.3063.10NBP JAN2673.34 73.340-4.0697.79134.3973.34NBP FEB2673.21 73.16-0.05-3.8497.39132.9473.16NBP MAR2670.09 70.08-0.01-3.5593.65128.7570.08NBP APR2667.56 67.750.19-2.9286.38112.7167.56NBP MAY2666.45 66.800.35-2.2382.40106.2266.45NBP JUN2665.76 66.000.24-2.1780.69104.4465.76NBP JUL2665.46 65.600.14-2.3980.54104.0165.46NBP AUG2666.38 66.530.15-2.3581.36104.4266.38NBP SEP2667.62 67.760.14-2.4182.34104.7967.62NBP OCT2668.24 68.21-0.03-2.6984.10105.0968.21NBP NOV2672.84 72.81-0.03-2.6687.70105.1972.81NBP DEC2674.75 74.750-2.8289.54105.8074.75NBP Q1 2672.18 72.16-0.02-3.8296.24132.0072.16NBP Q2 2666.59 66.850.26-2.4483.15107.6466.59NBP Q3 2666.47 66.620.15-2.3881.40104.4066.47NBP Q4 2671.93 71.91-0.02-2.7387.11105.3471.91NBP SUM202666.53 66.730.2-2.4182.27106.0066.53NBP WIN202673.32 73.27-0.05-2.888.10104.6173.27NBP SUM202762.38 62.380-2.1172.3581.8962.38NBP WIN202771.45 71.25-0.2-1.5679.6186.8671.25NBP SUM202859.30 59.07-0.23-1.2866.0271.7259.01Abundant supply and high LNG arrivals pushed the British spot gas price downby 0.3% to 72.50 p/therm on Wednesday, though a Troll field outage trimmingexports by 8 mcm/day curbed losses. On the forward curve, the Summer 2026delivery contract added 0.3%, settling at 66.73 p/therm, amid renewedgeopolitical tensions after US–Russia talks broke down.