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Monday, September 15, 2025GAS (p/therm) THUFRIVAR D-1 VAR W-1AVG.MAXMIN 11/912/9FROM THE BEGINNING OF THIS YEARNBP SPOT78.55 79.000.451.6594.18145.3075.10NBP OCT2579.22 80.160.942.2795.16134.3276.54NBP NOV2583.96 84.860.91.3599.69133.5282.72NBP DEC2587.40 88.260.861.12101.82135.0086.39NBP JAN2689.08 89.890.811.22102.23134.3987.46NBP FEB2689.23 90.030.81.28101.68132.9487.38NBP MAR2685.29 86.080.791.4297.81128.7583.34NBP APR2680.98 81.790.811.1889.33112.7178.38NBP MAY2678.10 78.920.821.1584.78106.2274.74NBP JUN2677.01 77.830.821.282.76104.4471.89NBP JUL2676.52 77.340.821.0582.66104.0172.46NBP AUG2677.75 78.570.821.0683.39104.4273.26NBP SEP2679.10 79.930.831.1284.30104.7973.41NBP Q4 2583.52 84.420.91.5898.88133.9981.96NBP Q1 2687.82 88.620.81.31100.54132.0086.02NBP Q2 2678.69 79.510.821.1885.62107.6475.00NBP Q3 2677.78 78.600.821.0883.44104.4073.04NBP WIN202585.65 86.500.851.4599.70133.0083.97NBP SUM202678.23 79.050.821.1384.52106.0074.01NBP WIN202685.72 86.410.690.7689.84104.6180.91NBP SUM202771.80 72.530.730.6573.2381.8967.41NBP WIN202780.25 80.470.220.7580.1386.8675.08The NBP spot price increased by 0.6% to 79 p/therm on Friday amid technicaltrading, while ample supply and strong EU storage kept gains in check. On theforward curve, the Winter 2025 delivery contract added 1% to 86.50 p/therm,supported by geopolitical risks and EU plans to phase out Russian oil and gasby 2028, with U.S. pressure mounting to curb Moscow’s energy revenues.