UK Natural Gas Futures Fall to 1-Month Low

2026-02-10 17:02 By Agna Gabriel 1 min. read

UK natural gas futures fell below 75 pence per therm, the lowest since January 9, as milder weather forecasts and stronger wind output reduced demand expectations.

Meteorologists revised down the severity of a previously expected cold snap across northern and eastern Europe, easing heating demand and reversing recent gains in gas prices across key northern hubs.

Warmer winter projections in the United States also trimmed heating demand there, increasing the availability of LNG cargoes for Europe.

Higher wind power generation across Europe further reduced reliance on gas for electricity.

Record US LNG exports in 2025, supported by expanded Gulf capacity and strong European demand, also improved supply outlooks.

Despite the decline, the UK remains highly sensitive to market shifts due to limited storage and heavy reliance on imports.

UK storage stands at about 35.5%, with particularly low levels at Humbly Grove and Storengy UK, leaving the market exposed to supply risks.



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