UK natural gas futures rose to 126.5 pence per therm, rebounding from a one-month low, as optimism for a quick resolution to the Middle East war waned. President Donald Trump offered little clarity on the path to ending the war he claimed would conclude soon, while warning that US military operations in Iran will continue for the next two to three weeks. Iran on Wednesday also denied Trump’s claim that it had requested a ceasefire. Energy markets have remained highly volatile since the conflict began, with the Strait of Hormuz largely blocked. Around one-fifth of global LNG supply normally transits the strait, but traffic has almost ground to a halt since late February. EU officials also warned of prolonged disruptions and signaled they may reintroduce emergency tools used during the 2022 energy crisis.

UK Gas fell to 126.56 GBp/thm on April 3, 2026, down 0.27% from the previous day. Over the past month, UK Gas's price has fallen 0.25%, but it is still 42.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, UK Natural Gas reached an all time high of 800 in March of 2022. UK Natural Gas - data, forecasts, historical chart - was last updated on April 4 of 2026.

UK Gas fell to 126.56 GBp/thm on April 3, 2026, down 0.27% from the previous day. Over the past month, UK Gas's price has fallen 0.25%, but it is still 42.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas is expected to trade at 133.69 GBp/Thm by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 158.76 in 12 months time.



Price Day Month Year Date
Crude Oil 111.54 11.420 11.41% 49.60% 66.60% Apr/02
Brent 109.03 7.870 7.78% 33.94% 55.45% Apr/02
Natural gas 2.80 -0.0190 -0.67% -8.32% -32.33% Apr/02
Gasoline 3.29 0.1966 6.36% 33.80% 52.55% Apr/02
Heating Oil 4.36 0.3043 7.50% 36.84% 100.05% Apr/02
TTF Gas 50.08 0.04 0.08% 2.70% 37.12% Apr/03
UK Gas 126.56 -0.3404 -0.27% -0.25% 42.29% Apr/03
Ethanol 2.01 0.0350 1.78% 11.39% 11.08% Apr/02
Naphtha 985.04 67.21 7.32% 47.05% 69.38% Apr/02
Propane 0.78 0.02 2.26% 4.76% -11.47% Apr/02
Uranium 85.15 0 0% -1.16% 31.20% Apr/03
Methanol 3,276.00 26.00 0.80% 28.67% 32.04% Apr/03


UK Natural Gas
UK Natural Gas Futures is a national benchmark price. Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the National Balancing Point (NBP) Virtual Trading Point, operated by National Grid, the transmissions system operator in the UK. Delivery is made equally each day throughout the delivery period. Futures are available for trading in the Intercontinental Exchange Inc. (ICE). Our natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
126.56 126.90 800.00 0.11 1997 - 2026 GBp/Thm Daily

News Stream
UK Gas Hits 4-week Low
UK Gas decreased to 114.98 GBp/thm, the lowest since March 2026. Over the past 4 weeks, Natural Gas UK lost 11.33%, and in the last 12 months, it increased 31.24%.
2026-04-02
UK Natural Gas Prices Bounce Back
UK natural gas futures rose to 126.5 pence per therm, rebounding from a one-month low, as optimism for a quick resolution to the Middle East war waned. President Donald Trump offered little clarity on the path to ending the war he claimed would conclude soon, while warning that US military operations in Iran will continue for the next two to three weeks. Iran on Wednesday also denied Trump’s claim that it had requested a ceasefire. Energy markets have remained highly volatile since the conflict began, with the Strait of Hormuz largely blocked. Around one-fifth of global LNG supply normally transits the strait, but traffic has almost ground to a halt since late February. EU officials also warned of prolonged disruptions and signaled they may reintroduce emergency tools used during the 2022 energy crisis.
2026-04-02
UK Natural Gas Prices Move Away from 3-Year Highs
UK natural gas futures dropped to around 123 pence per therm, retreating from a more than three year high of 156.6 in March, as traders increased bets that the Iran war could ease after President Donald Trump signaled a possible US exit within two to three weeks. He suggested a deal with Tehran may be reached but is not essential for ending the conflict. Energy markets have remained volatile since the war began, with the Strait of Hormuz largely blocked and key supply routes disrupted. Any de escalation could allow flows to gradually resume, though recovery may be slow given damage to infrastructure and uncertainty over shipping activity. About a fifth of global LNG normally passes through the strait, where traffic has nearly halted since late February. Meanwhile EU officials warned of prolonged disruption and are considering reintroducing crisis measures used during the 2022 energy shock.
2026-04-01