UK Natural Gas Futures Hover Below 10-Month High

2026-01-30 10:59 By Agna Gabriel 1 min. read

UK natural gas futures traded around 94 pence per therm, down from a ten-month high of 103.7 reached on January 21, as rising US LNG flows eased supply concerns.

The UK remains vulnerable due to limited storage and heavy reliance on imports, while across Europe inventories are near multi-year lows at about 43% full.

UK storage stands at 38.5%, with Storengy UK at 24.3%, Humbly Grove Energy at 27.7% and Uniper Energy Storage at 73.7%.

Geopolitical risks continue to underpin market caution after US President Donald Trump’s threats against Iran, with potential retaliation threatening crude and LNG shipments through the Strait of Hormuz, a key passage for tankers.

Qatar, the world’s second-largest LNG exporter, relies on the strait for around 19% of global LNG exports.



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