UK natural gas futures fell below 76.5 pence a therm, reaching a three-week low, as supply concerns eased following the completion of repairs at Norway's offshore Sleipner Riser platform, which had caused a significant outage of gas exports to Britain. This repair completion increased gas flows from Norway to Britain by 22 million cubic meters since Friday. However, Norway's Gassco reported a few short outages and an ongoing outage at the Visund field, expected to end on June 17, though the exact duration remains uncertain.
UK Gas increased 3.93 GBp/Thm or 4.87% since the beginning of 2024, 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 June 14 of 2024.
UK Gas increased 3.93 GBp/Thm or 4.87% since the beginning of 2024, 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 85.00 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 91.45 in 12 months time.