UK natural gas futures consolidated around the 450-pence-a-them mark, a level not seen since their March peak, underpinned by prospects of further supply disruptions and elevated demand from the EU. A historic drought triggered by an arid summer that set heat records across Europe threatens to halt energy shipments along the Rhine River, exacerbating concerns in an already tight market. On top of that, Russia's Gazprom reduced 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 449.63 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 659.17 in 12 months time.

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UK Natural Gas



Price Day Month Year
Crude Oil 90.77 0.270 0.30% -9.12% 46.07%
Brent 95.89 -0.700 -0.72% -6.33% 47.12%
Natural gas 9.26 0.0752 0.82% 17.27% 140.54%
Gasoline 2.99 -0.0314 -1.04% -4.49% 47.99%
Heating Oil 3.70 0.0508 1.39% 4.05% 93.93%
TTF Gas 244.55 3.55 1.47% 57.74% 483.04%
UK Gas 460.89 4.8900 1.07% 71.77% 339.95%
Ethanol 2.54 0.0150 0.60% 0.60% 13.17%
Naphtha 664.77 -2.04 -0.31% -13.64% 5.11%
Propane 1.09 0.002 0.16% -4.87% -0.91%
Uranium 49.00 0 0% 4.93% 48.48%
Methanol 2,437.00 6.00 0.25% 1.08% -8.31%


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
490.00 456.00 800.00 0.11 2020 - 2022 GBp/Thm Daily