Actual
176.8050
Daily Change
-4.80 -2.64%
Monthly
4.51%
Yearly
120.10%
Q3 Forecast
199.7149
UK Natural Gas - Summary

UK natural gas prices fell below 178 pence per therm, the lowest in three weeks, after reports that Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Japan’s Kyodo News reported that Tehran had proposed reopening the waterway within seven days, potentially providing a basis for diplomatic discussions at the UN General Assembly. President Donald Trump is due to address the assembly and may meet Iranian President Masoud Pezeshkian. Meanwhile, reports of increasing numbers of LNG tankers and crude carriers finding alternative routes out of the Gulf have also helped ease supply concerns. Still, supply risks remain elevated, with Europe's gas storage levels remaining below the seasonal average at a time when they would typically be close to maximum capacity. Also, Norwegian gas exports remained constrained by maintenance.

UK Natural Gas - Stats

UK Gas fell to 177.04 GBp/thm on September 22, 2026, down 2.51% from the previous day. Over the past month, UK Gas's price has risen 4.65%, and is up 120.39% compared to the same time last year, 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 in March of 2022. UK Natural Gas - data, forecasts, historical chart - was last updated on September 22 of 2026.

UK Natural Gas - Forecast

UK Gas fell to 177.04 GBp/thm on September 22, 2026, down 2.51% from the previous day. Over the past month, UK Gas's price has risen 4.65%, and is up 120.39% compared to the same time last year, 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 199.71 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 254.16 in 12 months time.



Price Day Month Year Date
Crude Oil 89.52 -2.846 -3.08% 5.31% 41.18% Sep/22
Brent 97.84 -2.505 -2.50% 6.15% 44.66% Sep/22
Natural gas 2.84 0.0044 0.16% 0.19% -9.54% Sep/22
Gasoline 3.41 -0.0631 -1.82% 4.16% 69.82% Sep/22
Heating Oil 4.72 -0.1688 -3.45% 10.61% 102.78% Sep/22
EU Gas 71.17 -2.08 -2.84% 3.96% 120.57% Sep/22
UK Gas 176.81 -4.7950 -2.64% 4.51% 120.10% Sep/22
Ethanol 2.13 0.0300 1.43% 0.47% 12.70% Sep/21
Naphtha 817.25 -22.01 -2.62% 9.19% 45.85% Sep/21
Propane 0.84 0.001 0.13% 16.28% 18.47% Sep/21
Uranium 89.70 0 0% 1.64% 16.65% Sep/18
Methanol 3,505.00 17.00 0.49% 19.26% 55.64% Sep/22


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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
177.04 181.60 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natural Gas Prices Fall to 2-Week Low
UK natural gas prices fell below 178 pence per therm, the lowest in three weeks, after reports that Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Japan’s Kyodo News reported that Tehran had proposed reopening the waterway within seven days, potentially providing a basis for diplomatic discussions at the UN General Assembly. President Donald Trump is due to address the assembly and may meet Iranian President Masoud Pezeshkian. Meanwhile, reports of increasing numbers of LNG tankers and crude carriers finding alternative routes out of the Gulf have also helped ease supply concerns. Still, supply risks remain elevated, with Europe's gas storage levels remaining below the seasonal average at a time when they would typically be close to maximum capacity. Also, Norwegian gas exports remained constrained by maintenance.
2026-09-22
UK Natgas Prices Rise Following Steep Decline
UK natural gas prices rose above 184 pence per therm on Tuesday, after sliding more than 8% to a two-week low in the previous session on renewed diplomatic efforts to end the Middle East war and improving vessel flows. Investors are awaiting developments on potential talks between US President Trump and Iranian President Pezeshkian this week, as any progress toward resolving the conflict could reduce fears of prolonged disruptions to energy flows through the Strait of Hormuz. Meanwhile, reports of increasing numbers of LNG tankers and crude carriers finding alternative routes out of the Gulf have also helped ease supply concerns. Still, supply risks remain elevated, with Europe's gas storage levels remaining below the seasonal average at a time when they would typically be close to maximum capacity.
2026-09-22
UK Natgas Prices Fall as Traders Monitor Middle East Diplomacy
UK natural gas prices dropped below 190 pence per therm on Monday, reversing the previous session’s gains as traders monitored diplomatic efforts to end the Middle East conflict. President Donald Trump said he would probably be open to meeting Iranian President Masoud Pezeshkian, who is expected to attend the UN General Assembly later this week, though Tehran has yet to respond to the remarks. Any progress toward de-escalation could ease concerns over prolonged LNG supply disruptions. However, supply risks remain elevated, with the conflict continuing to restrict LNG shipments through the Strait of Hormuz. European gas storage facilities were around 68.5% full, still below the seasonal average. The situation is further complicated by intense competition with Asia and ongoing maintenance work on Norway’s gas infrastructure. With the heating season approaching, the market remains highly sensitive to extended supply disruptions, increasing the risk of price volatility.
2026-09-21