Actual
213.6106
Daily Change
2.32 1.10%
Monthly
1.86%
Yearly
162.91%
Q4 Forecast
220.5787
UK Natural Gas - Summary

UK natural gas prices fell further to 203 pence per therm, their lowest level in a month, as hopes grew for an end to the war in the Middle East. President Donald Trump said that there was “positive momentum” toward ending the conflict, adding that further military strikes were unlikely. However, UK gas prices remain more than double their pre-conflict levels, as shipping disruptions through the Strait of Hormuz have stranded nearly 20% of global LNG exports from the Persian Gulf, keeping supplies tight ahead of winter. The UK remains vulnerable to price volatility stemming from the conflict, with declining domestic production further increasing its reliance on Norwegian pipeline supplies and global LNG imports. Its limited gas storage capacity also leaves the country with a smaller buffer against potential winter supply shortages.

UK Natural Gas - Stats

UK Gas rose to 213.70 GBp/thm on November 11, 2026, up 1.14% from the previous day. Over the past month, UK Gas's price has risen 1.91%, and is up 163.01% 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 November 11 of 2026.

UK Natural Gas - Forecast

UK Gas rose to 213.70 GBp/thm on November 11, 2026, up 1.14% from the previous day. Over the past month, UK Gas's price has risen 1.91%, and is up 163.01% 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 220.58 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 273.46 in 12 months time.



Price Day Month Year Date
Crude Oil 86.86 0.824 0.96% -7.34% 48.51% Nov/11
Brent 93.06 1.569 1.72% -12.74% 48.40% Nov/11
Natural gas 3.34 0.0451 1.37% 5.50% -26.29% Nov/11
Gasoline 2.61 0.0048 0.18% -20.60% 34.07% Nov/11
Heating Oil 4.22 0.0870 2.11% -10.70% 69.97% Nov/11
EU Gas 85.78 1.05 1.24% 1.70% 177.32% Nov/11
UK Gas 213.61 2.3206 1.10% 1.86% 162.91% Nov/11
Ethanol 1.79 -0.0050 -0.28% -12.50% 2.29% Nov/10
Naphtha 761.87 -8.31 -1.08% -14.50% 39.84% Nov/10
Propane 1.01 -0.06 -5.63% -3.87% 52.97% Nov/10
Uranium 90.95 -0.4500 -0.49% 1.06% 16.53% Nov/10
Methanol 3,780.00 0 0% -6.30% 82.17% Nov/11


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
213.70 211.29 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natural Gas Prices Drop Further
UK natural gas prices fell further to 203 pence per therm, their lowest level in a month, as hopes grew for an end to the war in the Middle East. President Donald Trump said that there was “positive momentum” toward ending the conflict, adding that further military strikes were unlikely. However, UK gas prices remain more than double their pre-conflict levels, as shipping disruptions through the Strait of Hormuz have stranded nearly 20% of global LNG exports from the Persian Gulf, keeping supplies tight ahead of winter. The UK remains vulnerable to price volatility stemming from the conflict, with declining domestic production further increasing its reliance on Norwegian pipeline supplies and global LNG imports. Its limited gas storage capacity also leaves the country with a smaller buffer against potential winter supply shortages.
2026-11-10
UK Gas Hits 4-week Low
UK Gas decreased to 205.52 GBp/thm, the lowest since October 2026. Over the past 4 weeks, Natural Gas UK lost 1.79%, and in the last 12 months, it increased 154.94%.
2026-11-09
UK Natural Gas Prices Extend Decline
UK natural gas prices dropped to 218 pence per therm, falling more than 15% so far this week and hovering at their lowest level in over two weeks. The decline reflects growing optimism over diplomatic efforts to resolve the US-Iran war, with Qatar continuing to mediate between the two sides. A sweeping Democratic victory in the US midterm elections also eased concerns about further military escalation, as the results could give Democrats greater influence over government spending, potentially limiting President Trump's ability to sustain military operations against Iran. The UK gas market remains vulnerable to fuel price volatility stemming from the war, while falling domestic production is further increasing its reliance on Norwegian pipeline supplies and global LNG imports. The country has a smaller buffer against winter supply shortages due to its limited storage capacity compared with its largest European neighbors.
2026-11-05