UK Natural Gas Futures Rise from 3-Week Low

2026-02-05 16:57 By Agna Gabriel 1 min. read

UK natural gas futures rose above 81 pence per therm, rebounding from a three-week low of 78.52 pence on February 3, tracking gains in the European benchmark as low storage and supply risks supported prices.

The UK remains highly sensitive to market moves due to limited storage capacity and heavy reliance on imports.

Domestic storage is around 36.7% full, with particularly low levels at Humbly Grove and Storengy UK, leaving the system exposed to regional and global supply pressures.

EU gas inventories are also tight at about 39.2% compared with roughly 52% a year ago.

Weak wind output across northwest Europe has increased reliance on gas for power generation, supporting demand.

While temperatures are currently above normal, colder conditions are forecast from February 13, which could lift heating demand.

Higher LNG arrivals this week may ease supply pressure, while markets also monitor Ukraine Russia peace talks for potential supply impacts.



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