UK Natural Gas Futures Rise to 10-Month High

2026-01-21 16:31 By Agna Gabriel 1 min. read

UK natural gas futures rose to above 102 pence a therm, the highest since March 2025, as supply security concerns intensified amid escalating US EU tensions.

Prices climbed on fears the United States could use LNG exports as leverage in the deepening dispute over Greenland and trade.

Uncertainty increased after the European Parliament froze a ratification vote on a US EU trade deal following President Donald Trump’s threats to impose tariffs on several European countries unless they allow US ownership of Greenland, pushing transatlantic relations toward crisis.

UK prices were already elevated as US gas flows were diverted from LNG export facilities to meet domestic demand during an Arctic blast.

The UK’s limited gas storage capacity and heavy reliance on imports leave the market highly sensitive to global supply disruptions.

In continental Europe, gas storage has fallen to about 49.1% full, well below roughly 60.2% a year ago.



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