UK Natural Gas - Price - Chart - Historical Data (2024)

UK natural gas futures climbed above 88 pence a therm, driven by forecasts of cooler temperatures and ongoing supply disruptions. A significant drop in temperatures is expected across the UK this week, boosting heating demand. A low-pressure system will bring cool, moist air into the region, leading to below-normal temperatures and unsettled weather over the next seven to ten days. Wind speeds are projected to be volatile, impacting wind power generation and potentially raising gas demand from power plants. On the supply side, maintenance work at Norwegian gas facilities continues to restrict flows, adding to market tightness.

UK Gas increased 5.19 GBp/Thm or 6.43% since the beginning of 2024, 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 800.00 in March of 2022. UK Natural Gas - data, forecasts, historical chart - was last updated on September 15 of 2024.

UK Gas increased 5.19 GBp/Thm or 6.43% since the beginning of 2024, 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 97.31 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 102.41 in 12 months time.

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.