UK natural gas futures were trading around the 350-pence-a-them mark, close to levels not seen since early March, underpinned by uncertainty over Russian supplies and elevated demand from the EU. Russia's Gazprom said it would reduce flows through the Nord Stream pipeline, citing issues with turbines, delivering only 33 million cubic meters daily, roughly 20% of its capacity, forcing European buyers to find replacements like LNG. Still, the channels linking Britain to the EU have been working at maximum capacity. The UK has been using its excess regasification capacity to import more LNG and resell it as natural gas to Europe. .

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 August of 2022.

UK Natural Gas is expected to trade at 424.41 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 622.02 in 12 months time.

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UK Natural Gas

Price Day Month Year
Crude Oil 91.99 1.229 1.35% -9.11% 34.70%
Brent 97.82 1.172 1.21% -5.62% 38.50%
Natural gas 7.85 0.2624 3.46% 24.25% 92.01%
Gasoline 2.97 0.0884 3.06% -10.14% 31.16%
Heating Oil 3.31 0.1319 4.15% -10.12% 59.17%
TTF Gas 190.45 -2.61 -1.35% 15.76% 326.48%
UK Gas 355.00 -0.1400 -0.04% 59.74% 218.24%
Ethanol 2.43 -0.0250 -1.02% -4.15% 10.98%
Naphtha 682.74 5.20 0.77% -14.49% 5.15%
Propane 1.07 -0.01 -0.53% -9.97% -1.42%
Uranium 48.70 0 0% 0.62% 53.63%
Methanol 2,526.00 0 0% 8.93% 3.23%

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
354.95 355.14 800.00 0.11 2020 - 2022 GBp/Thm Daily