UK Natural Gas

UK natural gas futures were broadly stable around the 150-pence-a-therm mark, having surged roughly 15% in the previous session after an explosion at the Freeport oil and gas export terminal in Texas threatened international supplies. The availability of US liquefied natural gas has become a crucial element of European gas supply in the last couple of months, as major buyers have scrambled to secure options for Russian gas in the wake of the invasion of Ukraine. The commodity is on track for the first weekly decline since mid-May. Historically, UK Natural Gas reached an all time high of 800 in March of 2022. 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.

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