UK Natural Gas Prices Hit 2-Week High

2026-11-13 08:15 By Judith Sib-at 1 min. read

UK natural gas prices rose above 230 pence per therm, reaching a two-week high, amid persistent Middle East tensions, forecasts of colder weather, and disruptions to Norwegian supplies.

President Trump dismissed the prospect of a deal with Iran, adding risk premium back into energy markets.

Meanwhile, temperatures are forecast to fall well below normal across the UK in the coming days, potentially boosting heating demand.

Norwegian gas deliveries to the country declined amid unplanned outages at some facilities.

The UK is particularly vulnerable to disruptions to Norwegian gas flows, as falling domestic production has increased its reliance on imports from Norway and global LNG supplies.

Moreover, Britain has considerably less gas storage capacity than its largest European neighbors, leaving it with a smaller buffer against potential winter supply shortages.



News Stream
UK Natural Gas Prices Hit 2-Week High
UK natural gas prices rose above 230 pence per therm, reaching a two-week high, amid persistent Middle East tensions, forecasts of colder weather, and disruptions to Norwegian supplies. President Trump dismissed the prospect of a deal with Iran, adding risk premium back into energy markets. Meanwhile, temperatures are forecast to fall well below normal across the UK in the coming days, potentially boosting heating demand. Norwegian gas deliveries to the country declined amid unplanned outages at some facilities. The UK is particularly vulnerable to disruptions to Norwegian gas flows, as falling domestic production has increased its reliance on imports from Norway and global LNG supplies. Moreover, Britain has considerably less gas storage capacity than its largest European neighbors, leaving it with a smaller buffer against potential winter supply shortages.
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