UK Natural Gas Prices Decline

2026-04-14 06:58 By Judith Sib-at 1 min. read

UK natural gas futures fell toward 105 pence per therm, reaching their lowest level in over six weeks, amid prospects of continued dialogue between the US and Iran.

On Monday, President Donald Trump stated that Iran had been in touch and wanted to make a deal, while Iranian President indicated that the country is prepared to continue negotiations within the framework of international law.

Trump on Tuesday indicated that negotiations may resume within the next two days.

These developments helped reduce concerns about supply risks stemming from the US blockade of Iranian ports in the Strait of Hormuz.

Meanwhile, National Gas, the country's gas system operator, said that British gas stocks are expected to be sufficient to meet demand this summer, despite turmoil in Hormuz, and could even allow some gas to be exported to mainland Europe.



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UK Natural Gas Prices Decline
UK natural gas futures fell toward 105 pence per therm, reaching their lowest level in over six weeks, amid prospects of continued dialogue between the US and Iran. On Monday, President Donald Trump stated that Iran had been in touch and wanted to make a deal, while Iranian President indicated that the country is prepared to continue negotiations within the framework of international law. Trump on Tuesday indicated that negotiations may resume within the next two days. These developments helped reduce concerns about supply risks stemming from the US blockade of Iranian ports in the Strait of Hormuz. Meanwhile, National Gas, the country's gas system operator, said that British gas stocks are expected to be sufficient to meet demand this summer, despite turmoil in Hormuz, and could even allow some gas to be exported to mainland Europe.
2026-04-14
UK Natural Gas Prices Jump
UK natural gas futures jumped 10% to 120.7 pence per therm on Monday, recovering from a more than five-week low, as President Donald Trump ordered a blockade of the Strait of Hormuz after peace talks with Iran failed. The US military said it will begin a blockade of all Iranian ports at 1400 GMT on Monday but added that vessels not traveling to or from Iran will still be permitted to transit the strait. Trump also said the US will intercept vessels that have paid tolls to Iran for safe passage through the strait. Additionally, reports indicated that the US is considering fresh military strikes against Iran, which could jeopardize a two-week ceasefire reached last week. The developments have raised concerns that LNG flows through the strait, accounting for roughly one-fifth of global supply, could face prolonged disruption.
2026-04-13
UK Natural Gas Prices Drop
UK natural gas futures fell to around 113 pence per therm on Friday, retreating to a more than five-week low, as markets awaited planned US-Iran talks this weekend amid a shaky ceasefire. President Donald Trump said he was optimistic about reaching a deal to end the six-week conflict but later warned Tehran over charging transit fees for vessels passing through the Strait of Hormuz. Meanwhile, Qatar has reportedly begun preparations to restart LNG production at Ras Laffan following the ceasefire announcement. The facility has been offline since early March after being struck by Iranian missiles. While partial output could resume in the coming days, a full recovery remains contingent on safe passage through the Strait.
2026-04-10