Page 6 - Demo

Wednesday, April 22, 2026GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 20/421/4FROM THE BEGINNING OF THIS YEARNBP SPOT101.25 106.505.25-1.8103.56153.5071.25NBP MAY26101.31 105.123.81-3.6397.13155.9763.61NBP JUN2699.13102.973.84-3.6294.84152.3562.69NBP JUL2697.39101.333.94-3.4693.15149.8062.36NBP AUG2697.72102.024.3-3.0493.25149.6562.76NBP SEP2698.77103.024.25-394.18150.1564.03NBP OCT2698.72102.573.85-2.8593.52149.8863.64NBP NOV26102.74 105.662.92-3.1696.82152.5867.58NBP DEC26104.55 107.693.14-2.8898.78154.4869.62NBP JAN27105.46 108.563.1-2.1499.83153.6571.31NBP FEB27104.53 107.492.96-2.2299.01151.2071.23NBP MAR2796.5499.312.77-192.39141.4667.33NBP APR2787.1489.452.310.1581.25120.7361.58NBP Q3 2697.95102.114.16-3.1793.52149.8663.04NBP Q4 26102.00 105.303.3-2.9696.37152.3166.94NBP Q1 27102.10 105.042.94-1.7797.01148.6969.91NBP Q2 2781.6883.6820.6475.23110.4758.95NBP WIN2026102.05 105.173.12-2.3896.69150.5268.41NBP SUM202779.7581.471.720.4573.39107.1657.74NBP WIN202781.1382.461.331.2676.92105.3765.81NBP SUM202863.3963.430.040.7458.8373.0952.62NBP WIN202869.8869.940.060.8466.2576.6561.00A sharp decline in Norwegian gas flows pushed the NBP spot contract up bymore than 5% to 106.50 p/therm on Tuesday, with exports dropping to 245mcm/day, the weakest since September, during maintenance at Troll andKollsnes. On the forward curve, the Winter 2026 delivery contract advanced by3% to 105.17 p/therm as ongoing disruptions in the Strait of Hormuz sustainedmarket concerns.