Actual
150.9500
Daily Change
15.00 11.03%
Monthly
21.59%
Yearly
85.78%
Q3 Forecast
140.9617
UK Natural Gas - Summary

UK natural gas prices rose above 142 pence per therm on Monday, recovering most of the previous week’s losses week amid uncertainty over the normalization of shipping through the Strait of Hormuz. Iran and Oman remained short of a final agreement over the weekend after Tehran renewed a lengthy list of demands for Washington as conditions for a full reopening of the strategic waterway, indicating any immediate relief for gas supplies could remain limited. Although Iran indicated that a deal was close, it cautioned that this did not mean the strait would reopen imminently, while again ruling out any direct negotiations with the US. With a deal still elusive, disruptions to LNG shipments through the key waterway are likely to persist, delaying cargoes from major exporters such as Qatar. The ongoing delays have kept global supply balances tight, intensifying competition with Asian buyers for available cargoes and hampering Europe's winter stockpiling efforts.

UK Natural Gas - Stats

UK Gas rose to 150.95 GBp/thm on August 10, 2026, up 11.03% from the previous day. Over the past month, UK Gas's price has risen 21.59%, and is up 85.78% 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 August 10 of 2026.

UK Natural Gas - Forecast

UK Gas rose to 150.95 GBp/thm on August 10, 2026, up 11.03% from the previous day. Over the past month, UK Gas's price has risen 21.59%, and is up 85.78% 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 140.96 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 173.32 in 12 months time.



Price Day Month Year Date
Crude Oil 81.20 3.023 3.87% 3.92% 26.96% Aug/10
Brent 86.76 3.209 3.84% 4.15% 30.21% Aug/10
Natural gas 2.79 0.1253 4.71% -3.79% -5.64% Aug/10
Gasoline 3.12 0.1301 4.36% -1.61% 49.72% Aug/10
Heating Oil 4.20 0.2949 7.56% 9.77% 83.21% Aug/10
EU Gas 61.55 6.00 10.81% 19.64% 86.52% Aug/10
UK Gas 150.95 15.0000 11.03% 21.59% 85.78% Aug/10
Ethanol 1.97 0.0275 1.42% 2.07% 13.06% Aug/07
Naphtha 717.12 14.44 2.05% 8.41% 29.01% Aug/07
Propane 0.68 0.001 0.21% -9.34% 1.68% Aug/07
Uranium 86.50 0 0% 1.11% 20.22% Aug/07
Methanol 2,509.00 12.00 0.48% 0.16% 5.02% Aug/10


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
150.95 135.95 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natural Gas Prices Advance
UK natural gas prices rose above 142 pence per therm on Monday, recovering most of the previous week’s losses week amid uncertainty over the normalization of shipping through the Strait of Hormuz. Iran and Oman remained short of a final agreement over the weekend after Tehran renewed a lengthy list of demands for Washington as conditions for a full reopening of the strategic waterway, indicating any immediate relief for gas supplies could remain limited. Although Iran indicated that a deal was close, it cautioned that this did not mean the strait would reopen imminently, while again ruling out any direct negotiations with the US. With a deal still elusive, disruptions to LNG shipments through the key waterway are likely to persist, delaying cargoes from major exporters such as Qatar. The ongoing delays have kept global supply balances tight, intensifying competition with Asian buyers for available cargoes and hampering Europe's winter stockpiling efforts.
2026-08-10
UK Natural Gas Rises Further
UK natural gas prices rose further to 140 pence per therm on Friday, recovering most of the losses recorded earlier in the week as renewed tensions in the Strait of Hormuz heightened uncertainty over the resumption of LNG flows from the Persian Gulf. Iranian state media reported that naval forces had carried out an operation against “hostile targets” near the strait following explosions heard on Qeshm Island. Tehran is also reportedly seeking to restrict US and Israeli vessels from transiting the waterway under a proposed agreement with Oman, while demanding compensation from countries it views as hostile before allowing passage. Ongoing disruptions to LNG shipments from key exporters such as Qatar have kept global supply conditions tight, intensifying competition with Asian buyers for available cargoes and complicating Europe’s efforts to rebuild gas inventories ahead of winter.
2026-08-07
UK Natural Gas Prices Rebound
UK natural gas prices rose toward 131 pence per therm on Thursday, rebounding from a three-week low amid persistent concerns over the outlook for gas supplies. While risk premiums eased after Iran announced it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, LNG supply risks remained elevated. Gas shipments through the key waterway continue to face significant disruptions, delaying cargoes from major exporters such as Qatar. These delays have complicated Europe's winter stockpiling efforts, while strong competition from Asian buyers has further tightened LNG availability. At the same time, unusually hot weather across central and southern Europe has added to market pressures by increasing electricity demand for air conditioning. EU gas storage facilities are currently just under 58% full, the lowest seasonal level in nearly two decades for this time of year.
2026-08-06