Page 90 - Demo

Wednesday, September 10, 2025GAS (p/therm) MONTUEVAR D-1 VAR W-1AVG.MAXMIN 8/99/9FROM THE BEGINNING OF THIS YEARNBP SPOT81.15 80.40-0.751.5594.47145.3075.10NBP OCT2581.02 80.78-0.242.7795.41134.3276.54NBP NOV2586.14 85.53-0.612.299.94133.5282.72NBP DEC2589.55 88.90-0.651.93102.05135.0086.39NBP JAN2691.12 90.48-0.642.01102.43134.3987.46NBP FEB2691.28 90.59-0.691.97101.88132.9487.38NBP MAR2687.20 86.70-0.52.0798.01128.7583.34NBP APR2682.41 82.18-0.231.4489.46112.7178.38NBP MAY2679.57 79.34-0.231.6584.89106.2274.74NBP JUN2678.43 78.20-0.231.6682.84104.4471.89NBP JUL2678.05 77.73-0.321.5382.75104.0172.46NBP AUG2679.25 78.93-0.321.5283.47104.4273.26NBP SEP2680.56 80.24-0.321.5384.37104.7973.41NBP Q4 2585.56 85.06-0.52.399.13133.9981.96NBP Q1 2689.82 89.21-0.612.02100.74132.0086.02NBP Q2 2680.13 79.90-0.231.5885.72107.6475.00NBP Q3 2679.27 78.95-0.321.5283.52104.4073.04NBP WIN202587.67 87.12-0.552.1799.92133.0083.97NBP SUM202679.70 79.42-0.281.5584.62106.0074.01NBP WIN202687.03 86.69-0.341.1689.90104.6180.91NBP SUM202772.86 72.71-0.150.6773.2581.8967.41NBP WIN202780.62 80.58-0.040.5680.1286.8675.08The NBP spot price fell by 1% to 80.40 p/therm, as cooler weather curbeddemand for cooling, though a rebound in temperatures is expected next week.Further along the curve, the Winter 2025 delivery contract lost 0.6% to 87.12p/therm, with stable US LNG inflows keeping supply comfortable. Still, upsiderisks remain, as upcoming US–EU talks in Washington may bring freshrestrictions on Russia’s energy sector, tightening the global LNG balance.