UK natural gas futures rose to around 117.6 pence per therm, marking their highest level in over three weeks, on prospects of prolonged disruption in the Strait of Hormuz. President Donald Trump has rejected Iran's proposal to reopen the waterway, opting instead to maintain a naval blockade to increase pressure on Tehran over its nuclear program. Iran has warned that it would retaliate if US blockade continues, accusing Trump of using economic pressure to force surrender. With the strait effectively shut for two months, roughly one-fifth of global LNG supply has been constrained. Meanwhile, softer demand from Asia helped ease pressure on European markets by reducing competition for LNG cargoes. National Gas also said the UK is expected to have sufficient supply to meet summer demand and may even allow some exports to mainland Europe. UK gas prices are on track for a monthly decline, following the sharp rally in March.

UK Gas fell to 112.88 GBp/thm on April 30, 2026, down 2.47% from the previous day. Over the past month, UK Gas's price has fallen 11.88%, but it is still 47.50% 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 May 1 of 2026.

UK Gas fell to 112.88 GBp/thm on April 30, 2026, down 2.47% from the previous day. Over the past month, UK Gas's price has fallen 11.88%, but it is still 47.50% 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 116.94 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 141.98 in 12 months time.



Price Day Month Year Date
Crude Oil 105.91 0.844 0.80% -5.04% 81.70% May/01
Brent 111.93 1.529 1.38% 2.66% 82.62% May/01
Natural gas 2.77 0.0060 0.22% -0.96% -23.61% May/01
Gasoline 3.65 0.0374 1.03% 11.08% 80.51% May/01
Heating Oil 4.12 0.0377 0.92% -5.56% 106.50% May/01
TTF Gas 46.55 0.57 1.23% -6.97% 42.70% May/01
UK Gas 112.88 -2.8600 -2.47% -11.88% 47.50% Apr/30
Ethanol 2.03 -0.0350 -1.70% 1.00% 13.45% Apr/30
Naphtha 936.23 0.09 0.01% -1.49% 73.19% Apr/30
Propane 0.81 -0.001 -0.13% 0.29% 11.32% Apr/30
Uranium 86.85 -0.1500 -0.17% 3.21% 26.33% Apr/30
Methanol 3,206.00 17.00 0.53% 0.31% 39.39% Apr/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
112.88 115.74 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natgas Prices at Over 3-Week High
UK natural gas futures rose to around 117.6 pence per therm, marking their highest level in over three weeks, on prospects of prolonged disruption in the Strait of Hormuz. President Donald Trump has rejected Iran's proposal to reopen the waterway, opting instead to maintain a naval blockade to increase pressure on Tehran over its nuclear program. Iran has warned that it would retaliate if US blockade continues, accusing Trump of using economic pressure to force surrender. With the strait effectively shut for two months, roughly one-fifth of global LNG supply has been constrained. Meanwhile, softer demand from Asia helped ease pressure on European markets by reducing competition for LNG cargoes. National Gas also said the UK is expected to have sufficient supply to meet summer demand and may even allow some exports to mainland Europe. UK gas prices are on track for a monthly decline, following the sharp rally in March.
2026-04-30
UK Natural Gas Prices Rise
UK natural gas futures rose toward 110 pence per therm on Wednesday, ending a two-day decline, following reports that President Donald Trump ordered aides to prepare for a sustained blockade of Iran. According to the report, Trump aims to maintain maximum pressure on Tehran until it accepts the key US demand to end all nuclear activities. This comes after Iran submitted a new proposal to the US to reopen the Strait of Hormuz and end the conflict, while postponing nuclear negotiations to a later stage. The vital shipping route remains largely closed, continuing to restrict flows of around one-fifth of global LNG supply. Meanwhile, softer demand from Asia helped ease pressure on European markets by reducing competition for LNG cargoes. In addition, National Gas said the UK is expected to have sufficient supply to meet summer demand and may even allow some exports to mainland Europe.
2026-04-29
UK Natural Gas Prices Climb to 2-Week High
UK natural gas futures rose toward 111 pence per therm, hovering near their highest level in two weeks, as the Strait of Hormuz remained choked after US-Iran peace talks stalled. President Donald Trump canceled the US delegation’s planned trip to Pakistan over the weekend, while Iran said it would not negotiate under threat. Both sides continue to maintain a blockade of the Strait, making the key waterway nearly impassable. Meanwhile, reports indicated that Iran offered the US a new proposal to reopen the Strait and end the war, with nuclear negotiations pushed back to a later date. The conflict has disrupted about a fifth of global LNG supply, although weaker demand from Asia helped ease pressure on European buyers by reducing competition for cargoes. National Gas also said domestic gas stocks are expected to be sufficient to meet summer demand and may even allow some exports to mainland Europe.
2026-04-27