UK natural gas prices climbed to 104.6 pence a therm, the highest in over two weeks, as investors looked ahead to US–Iran talks in Qatar following weekend strikes from both sides that stoked supply fears. President Donald Trump said negotiations with Tehran are set to resume today after both sides agreed to halt a series of back-and-forth attacks over the Strait of Hormuz. Also supporting prices, hotter weather across Europe is ramping up gas-fired power generation to meet air conditioning demand, tightening supply conditions. The region continues to struggle to rebuild inventories to historical norms, with storage facilities currently around 48% full on average, raising concerns that the region could enter the winter season with the lowest gas reserves in 15 years. Despite the increase, UK gas prices are still set to end the month down by more than 5% and the second quarter with an 18% loss.

UK Gas rose to 104.33 GBp/thm on June 30, 2026, up 1.73% from the previous day. Over the past month, UK Gas's price has fallen 12.39%, but it is still 31.36% higher 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 in March of 2022. UK Natural Gas - data, forecasts, historical chart - was last updated on July 1 of 2026.

UK Gas rose to 104.33 GBp/thm on June 30, 2026, up 1.73% from the previous day. Over the past month, UK Gas's price has fallen 12.39%, but it is still 31.36% higher 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 98.00 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 124.59 in 12 months time.



Price Day Month Year Date
Crude Oil 70.05 0.550 0.79% -25.29% 3.85% Jul/01
Brent 73.42 0.470 0.64% -23.52% 6.24% Jul/01
Natural gas 3.25 -0.0267 -0.82% 2.57% -6.87% Jul/01
Gasoline 2.91 0.0197 0.68% -7.31% 37.79% Jul/01
Heating Oil 3.24 0.0084 0.26% -12.47% 34.49% Jul/01
EU Gas 43.63 -0.19 -0.44% -8.35% 31.00% Jul/01
UK Gas 104.33 1.7700 1.73% -12.39% 31.36% Jun/30
Ethanol 1.88 -0.0050 -0.27% -6.25% 9.17% Jun/30
Naphtha 685.16 0.70 0.10% -9.84% 26.97% Jun/30
Propane 0.72 -0.004 -0.52% -14.23% 0.23% Jun/30
Uranium 85.50 0.4000 0.47% -0.52% 9.55% Jun/30
Methanol 2,439.00 -70.00 -2.79% -19.90% 1.37% Jun/30


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
104.33 102.56 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Gas Prices Rise Further
UK natural gas prices climbed to 104.6 pence a therm, the highest in over two weeks, as investors looked ahead to US–Iran talks in Qatar following weekend strikes from both sides that stoked supply fears. President Donald Trump said negotiations with Tehran are set to resume today after both sides agreed to halt a series of back-and-forth attacks over the Strait of Hormuz. Also supporting prices, hotter weather across Europe is ramping up gas-fired power generation to meet air conditioning demand, tightening supply conditions. The region continues to struggle to rebuild inventories to historical norms, with storage facilities currently around 48% full on average, raising concerns that the region could enter the winter season with the lowest gas reserves in 15 years. Despite the increase, UK gas prices are still set to end the month down by more than 5% and the second quarter with an 18% loss.
2026-06-30
UK Gas Prices Climb
UK natural gas prices rose to around 102.5 pence a therm amid renewed supply concerns following the latest flare-up in the Middle East. Shipping traffic through the Strait of Hormuz had picked up in recent weeks but slowed after fresh attacks on vessels since Thursday, including a Qatar-linked oil tanker. This prompted strikes from the US and Iran over the weekend, marking the worst escalation since the two sides signed an interim peace agreement. However, Axios reported that the two countries have agreed to pause hostilities and resume talks in Qatar on Tuesday. Weather conditions also supported gas prices, as a heatwave across Europe boosted gas demand from power generators to meet increased cooling needs.
2026-06-29
UK Gas Prices Edge Lower
UK natural gas prices dropped to around 96.2 pence a therm, the lowest since February, as shipping activity through the Strait of Hormuz showed signs of normalization following progress in US-Iran peace talks. Several empty Qatari LNG carriers have entered the Gulf in recent days to reload, signaling a potential recovery in gas shipments. Additionally, Qatar's Prime Minister indicated that LNG production is expected to return to normal within a few weeks, apart from the damaged facility. The prospect of resumed LNG flows from the Gulf eased fears of a supply crunch and could help Europe replenish inventories ahead of next winter. These developments offset support from strong power-sector demand amid hot weather and low wind speeds across Europe.
2026-06-25