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Tuesday, March 31, 2026GAS (p/therm) FRIMONVAR D-1 VAR W-1AVG.MAXMIN 27/330/3FROM THE BEGINNING OF THIS YEARNBP SPOT134.00 136.002-1.55100.98153.5071.25NBP MAY26136.59 138.461.87-4.6592.93155.9763.61NBP JUN26135.29 137.041.75-4.5590.54152.3562.69NBP JUL26134.15 135.671.52-4.288.81149.8062.36NBP AUG26134.85 136.331.48-3.5788.81149.6562.76NBP SEP26136.25 137.471.22-3.4489.73150.1564.03NBP OCT26137.06 137.430.37-3.9889.03149.8863.64NBP NOV26140.46 140.730.27-3.7692.23152.5867.58NBP DEC26142.61 143.030.42-3.894.24154.4869.62NBP JAN27143.61 144.330.72-3.2595.34153.6571.31NBP FEB27142.48 143.280.8-3.0894.60151.2071.23NBP MAR27133.61 133.930.32-2.8888.63141.4667.33NBP APR27114.44 115.300.86-3.0977.69120.7361.58NBP Q3 26135.07 136.481.41-3.7489.11149.8663.04NBP Q4 26140.04 140.390.35-3.8591.83152.3166.94NBP Q1 27139.81 140.420.61-3.0792.80148.6969.91NBP Q2 27103.86 104.660.8-3.4972.03110.4758.95NBP WIN2026139.93 140.410.48-3.4692.31150.5268.41NBP SUM2027101.64 102.530.89-2.9870.25107.1657.74NBP WIN2027100.39 100.880.49-3.274.60105.3765.81NBP SUM202870.4971.330.84-1.7657.3873.0952.62NBP WIN202873.5574.480.93-2.1765.1076.6561.00The NBP spot contract increased by 1.5% to 136 p/therm on Monday,supported by supply-side risks stemming from the Middle East conflict andcyclone damage to Australian LNG infrastructure. On the forward curve, theSummer 2026 delivery contract advanced by over 1% to 137.13 p/therm, asmixed messaging from Donald Trump added to market volatility, while EU gasstorage remained low at 28.1%, well below last year and the five-year average.