UK Natural Gas Prices Extend Rebound

2026-04-22 06:38 By Judith Sib-at 1 min. read

UK natural gas futures rose above 105 pence per therm, extending their rebound from a seven-week low, as peace talks between the US and Iran talks stalled and the Strait of Hormuz remained closed.

Reports indicated that Vice President JD Vance, who was expected to lead US negotiators if discussions continue, called off a planned trip to Pakistan after Iran said no final decision had been made regarding its participation.

Meanwhile, President Donald Trump extended the ceasefire with Iran, saying the US would postpone further strikes to allow Tehran more time to submit a proposal aimed at ending the conflict.

The near closure of Hormuz has disrupted about a fifth of global LNG supply, although weaker demand from Asia helped ease pressure on European buyers by reducing competition for cargoes.

National Gas also said domestic gas stocks are expected to be sufficient to meet summer demand and may even allow some exports to mainland Europe.



News Stream
UK Natural Gas Prices Extend Rebound
UK natural gas futures rose above 105 pence per therm, extending their rebound from a seven-week low, as peace talks between the US and Iran talks stalled and the Strait of Hormuz remained closed. Reports indicated that Vice President JD Vance, who was expected to lead US negotiators if discussions continue, called off a planned trip to Pakistan after Iran said no final decision had been made regarding its participation. Meanwhile, President Donald Trump extended the ceasefire with Iran, saying the US would postpone further strikes to allow Tehran more time to submit a proposal aimed at ending the conflict. The near closure of Hormuz has disrupted about a fifth of global LNG supply, although weaker demand from Asia helped ease pressure on European buyers by reducing competition for cargoes. National Gas also said domestic gas stocks are expected to be sufficient to meet summer demand and may even allow some exports to mainland Europe.
2026-04-22
UK Natural Gas Futures Rebound from 7-Week Low
UK natural gas futures climbed above 105 pence per therm, rebounding from a seven-week low of 97.11 reached on April 17, as markets focus on potential US-Iran talks ahead of a fragile ceasefire deadline. Iran has yet to confirm participation in negotiations in Pakistan, with disagreements persisting over key issues including access to the Strait of Hormuz. The conflict has already triggered a global energy crisis that could worsen if tensions escalate again. President Donald Trump said Vice President JD Vance is ready to attend talks but warned the US will not rush a deal and could resume military action if needed. The near closure of Hormuz has disrupted about a fifth of global LNG supply, though weaker demand from Asia has eased some pressure. National Gas said domestic inventories should be sufficient to meet summer demand and may even support exports to Europe.
2026-04-21
UK Natural Gas Prices Drop
UK natural gas futures dropped more than 2% back below 100 pence per therm on Tuesday, reversing Monday’s gains amid prospects of continued US-Iran peace talks. Reports suggest Iran is set to participate in a second round of negotiations with the US in Islamabad after earlier expressing hesitation about taking part. Still, there remains uncertainty as President Trump indicated he is unlikely to extend the two-week ceasefire, which is set to expire on Wednesday, and reiterated that the Strait of Hormuz would remain closed until a deal is reached. The conflict has already disrupted around one-fifth of global LNG flows, although softer demand from Asia has helped reduce competition for cargoes. Also, National Gas recently indicated that domestic stocks should be sufficient to cover summer demand and could allow some exports to mainland Europe.
2026-04-21