UK natural gas futures dropped to around 155 pence per therm, pulling back from a more than three-year high, after the US signaled potential measures to increase supply. Treasury Secretary Scott Bessent said the US may soon remove sanctions on Iranian oil stranded on tankers and signaled the possibility of additional crude releases. President Trump also stated that he would not be deploying troops, while Israel pledged to refrain from further strikes on key Iranian gas field. These come after Iran retaliated for Israel’s attack on its South Pars gas field by striking Qatar’s Ras Laffan Industrial City, home to the world’s largest LNG export facility. In addition, leading European nations, Japan, and Canada have expressed readiness to support efforts to ensure safe navigation through the Strait of Hormuz. However, investors remain on edge, given the UK relies heavily on imported natural gas, and following a cold winter, European gas reserves are expected to be lower than usual.

UK Gas fell to 151.50 GBp/thm on March 20, 2026, down 3.28% from the previous day. Over the past month, UK Gas's price has risen 97.21%, and is up 47.37% 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 March 21 of 2026.

UK Gas fell to 151.50 GBp/thm on March 20, 2026, down 3.28% from the previous day. Over the past month, UK Gas's price has risen 97.21%, and is up 47.37% 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 129.12 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 158.26 in 12 months time.



Price Day Month Year Date
Crude Oil 98.09 2.540 2.66% 47.93% 43.66% Mar/20
Brent 112.50 3.850 3.54% 57.36% 55.90% Mar/20
Natural gas 3.10 -0.0700 -2.21% 5.99% -22.21% Mar/20
Gasoline 3.31 0.1821 5.82% 47.28% 50.90% Mar/20
Heating Oil 4.67 0.3295 7.59% 74.43% 107.29% Mar/20
TTF Gas 59.30 -2.55 -4.13% 88.52% 39.32% Mar/20
UK Gas 151.50 -5.1400 -3.28% 97.21% 47.37% Mar/20
Ethanol 2.00 -0.0050 -0.25% 14.94% 10.96% Mar/20
Naphtha 873.74 12.66 1.47% 55.03% 43.29% Mar/20
Propane 0.79 0.01 1.81% 22.38% -9.20% Mar/20
Uranium 84.40 -0.2500 -0.30% -5.06% 29.75% Mar/20
Methanol 3,102.00 -61.00 -1.93% 37.99% 17.68% Mar/20


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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
151.50 156.64 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natgas Prices Retreat
UK natural gas futures dropped to around 155 pence per therm, pulling back from a more than three-year high, after the US signaled potential measures to increase supply. Treasury Secretary Scott Bessent said the US may soon remove sanctions on Iranian oil stranded on tankers and signaled the possibility of additional crude releases. President Trump also stated that he would not be deploying troops, while Israel pledged to refrain from further strikes on key Iranian gas field. These come after Iran retaliated for Israel’s attack on its South Pars gas field by striking Qatar’s Ras Laffan Industrial City, home to the world’s largest LNG export facility. In addition, leading European nations, Japan, and Canada have expressed readiness to support efforts to ensure safe navigation through the Strait of Hormuz. However, investors remain on edge, given the UK relies heavily on imported natural gas, and following a cold winter, European gas reserves are expected to be lower than usual.
2026-03-20
UK Natgas Prices Jump
UK natural gas futures jumped 20% to 170 pence per therm, hitting their highest level since January 2023, after Iran targeted major LNG facilities in the Middle East. Missile strikes set parts of Qatar’s Ras Laffan LNG complex, one of the world’s largest LNG hubs, on fire and caused significant damage. Production at the facility had already been halted earlier in the month following prior attacks. The UAE also suspended operations at its Habshan gas facilities and the Bab oil and gas field due to falling debris after missiles were intercepted over the sites. The Strait of Hormuz, through which roughly 20% of global LNG flows, remains closed. The situation is critical for Europe as it heads into the summer season and needs to refill gas storage, with levels about 15 percentage points below the five-year average following a cold winter. The UK is particularly vulnerable due to its limited storage capacity and heavy reliance on imported gas.
2026-03-19
UK Gas Hits 3-year High
UK Gas increased to 172.56 GBp/thm, the highest since January 2023. Over the past 4 weeks, Natural Gas UK gained 121.74%, and in the last 12 months, it increased 63.49%.
2026-03-19