UK natural gas futures dropped to 125.4 pence per therm but remained close to a six-week high, amid persistent uncertainty over the duration of supply disruptions in the Middle East. Diplomatic efforts for a peace deal between the US and Iran remained stalled, keeping tensions elevated around the Strait of Hormuz. Investors are closely monitoring shifting signals from President Donald Trump regarding fresh strikes against Tehran, which has raised concerns about a potential resumption of active hostilities. Roughly one-fifth of global LNG supply has been disrupted since the conflict began in late February, with the escalation also affecting key LNG production assets in Qatar. This has heightened concerns in Europe, as the region works to replenish gas storage ahead of next winter.

UK Gas fell to 120.71 GBp/thm on May 20, 2026, down 4.69% from the previous day. Over the past month, UK Gas's price has risen 14.83%, and is up 37.96% 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 May 21 of 2026.

UK Gas fell to 120.71 GBp/thm on May 20, 2026, down 4.69% from the previous day. Over the past month, UK Gas's price has risen 14.83%, and is up 37.96% 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 127.46 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 157.00 in 12 months time.



Price Day Month Year Date
Crude Oil 99.04 0.783 0.80% 6.54% 61.84% May/21
Brent 105.75 0.734 0.70% 3.77% 64.11% May/21
Natural gas 3.04 0.0312 1.04% 11.51% -16.59% May/21
Gasoline 3.49 -0.0006 -0.02% 3.84% 63.91% May/21
Heating Oil 3.94 -0.0023 -0.06% 0.18% 87.11% May/21
TTF Gas 49.14 -0.29 -0.58% 12.83% 35.12% May/21
UK Gas 120.71 -5.9400 -4.69% 14.83% 37.96% May/20
Ethanol 2.00 -0.0050 -0.25% 5.26% 10.65% May/20
Naphtha 843.61 -64.31 -7.08% -6.54% 53.98% May/20
Propane 0.86 -0.02 -2.47% 7.94% 13.41% May/20
Uranium 84.50 -0.4500 -0.53% -2.71% 18.93% May/20
Methanol 3,072.00 222.00 7.79% -0.42% 34.86% May/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. 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
120.71 126.65 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Natural Gas Prices Remain Near 6-Week High
UK natural gas futures dropped to 125.4 pence per therm but remained close to a six-week high, amid persistent uncertainty over the duration of supply disruptions in the Middle East. Diplomatic efforts for a peace deal between the US and Iran remained stalled, keeping tensions elevated around the Strait of Hormuz. Investors are closely monitoring shifting signals from President Donald Trump regarding fresh strikes against Tehran, which has raised concerns about a potential resumption of active hostilities. Roughly one-fifth of global LNG supply has been disrupted since the conflict began in late February, with the escalation also affecting key LNG production assets in Qatar. This has heightened concerns in Europe, as the region works to replenish gas storage ahead of next winter.
2026-05-20
UK Natural Gas Prices Ease
UK natural gas futures fell to around 121.7 pence per therm, retreating from a near six-week high, as concerns over supply disruptions eased after President Donald Trump postponed a planned strike on Iran. The delay followed appeals from Qatar, Saudi Arabia, and the UAE requested for more time to allow negotiations to continue. Reports also indicated that Iran has agreed to a long-term suspension of its nuclear program rather than a complete dismantling of its facilities. Roughly one-fifth of global LNG supply has been disrupted since the conflict began in late February, with the escalation also affecting key production assets in Qatar. This has heightened concerns in Europe, as the region works to replenish gas storage ahead of next winter.
2026-05-19
UK Natural Gas Prices Rise Further
UK natural gas futures rose further above 126 pence per therm, reaching a near six-week high, amid ongoing supply disruptions in the Persian Gulf. US-Iran negotiations remained deadlocked as both sides maintained a tough stance, keeping the Strait of Hormuz largely inaccessible. President Donald Trump warned Iran of possible consequences if a deal was not reached quickly, saying his patience was running out. A drone attack at a UAE nuclear facility over the weekend also highlighted the fragility of the ceasefire. Meanwhile, Trump and Chinese President Xi Jinping agreed that the strait should be open, though no concrete steps were taken to restore normal transit conditions. LNG shipments to Europe have been disrupted since the conflict began in late February, particularly after fighting spread to major production facilities in Qatar. The situation has heightened concerns across Europe as the region seeks to replenish gas storage ahead of next winter.
2026-05-18