Page 66 - Demo

Thursday, September 18, 2025GAS (p/therm) TUEWED VAR D-1 VAR W-1AVG.MAXMIN 16/917/9FROM THE BEGINNING OF THIS YEARNBP SPOT78.60 78.820.22-1.4894.00145.3075.10NBP OCT2579.30 79.520.22-1.5794.90134.3276.54NBP NOV2584.35 84.350-1.4899.44133.5282.72NBP DEC2587.86 87.85-0.01-1.29101.59135.0086.39NBP JAN2689.50 89.48-0.02-1.28102.02134.3987.46NBP FEB2689.57 89.580.01-1.33101.48132.9487.38NBP MAR2685.67 85.62-0.05-1.3597.61128.7583.34NBP APR2681.47 81.46-0.01-0.8689.20112.7178.38NBP MAY2678.75 78.74-0.01-0.6584.68106.2274.74NBP JUN2677.66 77.65-0.01-0.682.67104.4471.89NBP JUL2677.25 77.23-0.02-0.5582.57104.0172.46NBP AUG2678.46 78.44-0.02-0.5483.30104.4273.26NBP SEP2679.83 79.81-0.02-0.5184.22104.7973.41NBP Q4 2583.83 83.900.07-1.4598.64133.9981.96NBP Q1 2688.20 88.18-0.02-1.32100.33132.0086.02NBP Q2 2679.29 79.28-0.01-0.785.51107.6475.00NBP Q3 2678.50 78.48-0.02-0.5383.35104.4073.04NBP WIN202585.99 86.020.03-1.3899.47133.0083.97NBP SUM202678.89 78.88-0.01-0.6184.43106.0074.01NBP WIN202686.51 86.540.03-0.3289.78104.6180.91NBP SUM202772.61 72.700.09-0.0673.2281.8967.41NBP WIN202780.50 80.47-0.03-0.4780.1386.8675.08An increase in MRS injections provided support to prompt gas prices, with theNBP spot price edging 0.3% higher at 78.82 p/therm on Wednesday. However,gains were limited after the UK secured a second LNG cargo for September2025 delivery. On the forward curve, continued storage replenishment ahead ofwinter helped underpin prices, with the Winter 2025 delivery contract largelyunchanged around 86 p/therm, as comfortable LNG stocks at 60% cappedfurther upside.