UK Natural Gas Futures Rise to 8-Week High

2026-01-14 16:23 By Agna Gabriel 1 min. read

UK natural gas futures climbed to around 83 pence per therm, the highest level since November 18, as a winter rally gathered pace on colder weather and rising geopolitical risks.

A sharp cold snap across Europe has pushed heating demand to its strongest levels in years, leading to faster withdrawals from storage.

EU gas inventories have fallen to about 53%, well below roughly 66% at the same point last year, leaving the market more sensitive to any supply shock.

Beyond weather, geopolitical tensions are adding risk, particularly unrest in Iran, which has raised fears of disruptions to regional energy flows and LNG shipping routes.

Iran has warned neighboring countries it could target US bases if Washington intervenes in protests, increasing concerns about broader instability.

Adding to supply worries, gas flows to major US LNG export facilities are set to drop to a two-month low, tightening global LNG availability.



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