UK natural gas futures rose above 81 pence per therm, rebounding from a three-week low of 78.52 pence on February 3, tracking gains in the European benchmark as low storage and supply risks supported prices. The UK remains highly sensitive to market moves due to limited storage capacity and heavy reliance on imports. Domestic storage is around 36.7% full, with particularly low levels at Humbly Grove and Storengy UK, leaving the system exposed to regional and global supply pressures. EU gas inventories are also tight at about 39.2% compared with roughly 52% a year ago. Weak wind output across northwest Europe has increased reliance on gas for power generation, supporting demand. While temperatures are currently above normal, colder conditions are forecast from February 13, which could lift heating demand. Higher LNG arrivals this week may ease supply pressure, while markets also monitor Ukraine Russia peace talks for potential supply impacts.

UK Gas rose to 85.98 GBp/thm on February 6, 2026, up 5.96% from the previous day. Over the past month, UK Gas's price has risen 15.42%, but it is still 37.00% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, UK Natural Gas reached an all time high of 800.00 in March of 2022. UK Natural Gas - data, forecasts, historical chart - was last updated on February 8 of 2026.

UK Gas rose to 85.98 GBp/thm on February 6, 2026, up 5.96% from the previous day. Over the past month, UK Gas's price has risen 15.42%, but it is still 37.00% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas is expected to trade at 87.91 GBp/Thm by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 100.16 in 12 months time.



Price Day Month Year Date
Crude Oil 63.55 0.260 0.41% 13.50% -10.49% Feb/06
Brent 68.05 0.500 0.74% 13.49% -8.85% Feb/06
Natural gas 3.42 -0.0870 -2.48% -2.92% 3.41% Feb/06
Gasoline 1.95 0.0327 1.70% 14.71% -7.37% Feb/06
Heating Oil 2.41 0.0162 0.68% 17.15% -1.09% Feb/06
TTF Gas 35.26 1.53 4.52% 22.53% -37.03% Feb/06
UK Gas 85.98 4.8398 5.96% 15.42% -37.00% Feb/06
Ethanol 1.64 0.0100 0.62% 2.51% -6.84% Feb/06
Naphtha 547.47 -15.34 -2.72% 11.78% -15.04% Feb/05
Propane 0.65 0.001 0.13% 4.61% -29.27% Feb/06
Uranium 85.25 -0.4500 -0.53% 4.22% 22.40% Feb/06
Methanol 2,220.00 20.00 0.91% -0.67% -15.69% Feb/06


UK Natural Gas
UK Natural Gas Futures is a national benchmark price. Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the National Balancing Point (NBP) Virtual Trading Point, operated by National Grid, the transmissions system operator in the UK. Delivery is made equally each day throughout the delivery period. Futures are available for trading in the Intercontinental Exchange Inc. (ICE). Our natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
85.98 81.14 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natural Gas Futures Rise from 3-Week Low
UK natural gas futures rose above 81 pence per therm, rebounding from a three-week low of 78.52 pence on February 3, tracking gains in the European benchmark as low storage and supply risks supported prices. The UK remains highly sensitive to market moves due to limited storage capacity and heavy reliance on imports. Domestic storage is around 36.7% full, with particularly low levels at Humbly Grove and Storengy UK, leaving the system exposed to regional and global supply pressures. EU gas inventories are also tight at about 39.2% compared with roughly 52% a year ago. Weak wind output across northwest Europe has increased reliance on gas for power generation, supporting demand. While temperatures are currently above normal, colder conditions are forecast from February 13, which could lift heating demand. Higher LNG arrivals this week may ease supply pressure, while markets also monitor Ukraine Russia peace talks for potential supply impacts.
2026-02-05
UK Natural Gas Futures Fall from 10-Month High
UK natural gas futures fell to below 80 pence a therm, retreating from a ten-month high of 103.7 hit on January 21, as concerns over LNG supply eased. Near term US weather forecasts turned milder, reducing heating demand and allowing more gas to flow to LNG export plants, improving the outlook for deliveries to Europe and the UK. The UK remains highly sensitive due to limited storage capacity and heavy reliance on imports, making it vulnerable to regional and global supply pressures. Geopolitical risk premiums also faded after US President Donald Trump said Washington is in talks with Iran, easing fears of disruptions to shipping through the Strait of Hormuz. Still, underlying vulnerability remains, with EU gas storage at just 41.1% full and UK storage around 36.9%.
2026-02-02
UK Natural Gas Futures Hover Below 10-Month High
UK natural gas futures traded around 94 pence per therm, down from a ten-month high of 103.7 reached on January 21, as rising US LNG flows eased supply concerns. The UK remains vulnerable due to limited storage and heavy reliance on imports, while across Europe inventories are near multi-year lows at about 43% full. UK storage stands at 38.5%, with Storengy UK at 24.3%, Humbly Grove Energy at 27.7% and Uniper Energy Storage at 73.7%. Geopolitical risks continue to underpin market caution after US President Donald Trump’s threats against Iran, with potential retaliation threatening crude and LNG shipments through the Strait of Hormuz, a key passage for tankers. Qatar, the world’s second-largest LNG exporter, relies on the strait for around 19% of global LNG exports.
2026-01-30