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Tuesday, March 24, 2026GAS (p/therm) FRIMONVAR D-1 VAR W-1AVG.MAXMIN 20/323/3FROM THE BEGINNING OF THIS YEARNBP SPOT149.75 137.55-12.212.898.19153.5071.25NBP APR26151.10 143.27-7.8313.8391.22156.6464.52NBP MAY26150.48 143.11-7.3715.0189.09155.9763.61NBP JUN26147.77 141.59-6.1817.4786.62152.3562.69NBP JUL26146.54 139.87-6.6718.584.86149.8062.36NBP AUG26146.54 139.90-6.6417.9484.80149.6562.76NBP SEP26147.04 140.91-6.1319.0385.69150.1564.03NBP OCT26146.46 141.41-5.0520.7384.92149.8863.64NBP NOV26149.16 144.49-4.6721.1488.12152.5867.58NBP DEC26151.46 146.83-4.6322.1590.11154.4869.62NBP JAN27151.46 147.58-3.8823.2491.21153.6571.31NBP FEB27149.70 146.36-3.3423.6390.51151.2071.23NBP MAR27139.96 136.81-3.1523.2784.82141.4667.33NBP Q2 26149.79 142.66-7.1315.4388.98155.0063.67NBP Q3 26146.70 140.22-6.4818.4885.11149.8663.04NBP Q4 26149.03 144.24-4.7921.3487.71152.3166.94NBP Q1 27146.95 143.49-3.4623.3788.79148.6969.91NBP SUM2026148.24 141.43-6.8116.9687.03152.4263.35NBP WIN2026148.00 143.87-4.1322.3588.25150.5268.41NBP SUM2027105.05 105.510.4619.2267.57107.1657.74NBP WIN2027104.04 104.080.0417.9972.40105.3765.81NBP SUM202872.0073.091.0911.3356.2673.0952.62The NBP spot contract tumbled by 8.2% to 137.55 p/therm on Monday afterDonald Trump backed away from threats tied to the Strait of Hormuz. On theforward curve, the Summer 2026 delivery contract fell by 4.6% to 141.43p/therm, with Europe still positioned to secure US LNG for storage, albeit at thecost of competing with Asian demand.