UK natural gas futures skyrocketed to around the 250-pence-a-therm mark following news that Norway's Martin Linge field has reduced capacity due to a compressor failure. Norway is the world's third-largest exporter of natural gas and the UK's primary gas supplier, exacerbating concerns about disrupted shipments in an already highly tight market. Gazprom decided to limit flows in the main Nord Stream pipeline to just 40% of its capacity, significantly raising the risk of a natural gas shortage in Europe by next winter. Adding to constraints, the UK will receive less LNG from the US until late 2022 due to repair works at a critical export terminal in Texas after being damaged by an explosion. The benchmark has soared almost 40% in June, its biggest monthly gain since September 2021.

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 July of 2022.

UK Natural Gas is expected to trade at 272.38 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 393.55 in 12 months time.

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UK Natural Gas



Price Day Month Year
Crude Oil 108.43 2.670 2.52% -5.14% 44.27%
Brent 111.63 2.60 2.38% -2.96% 46.55%
Natural gas 5.73 0.3060 5.64% -32.38% 54.86%
Gasoline 3.69 0.1515 4.28% -7.17% 60.35%
Heating Oil 3.94 0.1084 2.83% -3.97% 80.76%
TTF Gas 147.78 3.27 2.26% 76.05% 312.49%
UK Gas 240.94 -7.3600 -2.96% 50.74% 170.90%
Ethanol 2.54 -0.2499 -8.96% -8.80% 8.55%
Naphtha 811.82 8.89 1.11% -4.21% 19.91%
Propane 1.22 0.001 0.07% -1.14% 9.51%
Uranium 51.25 0.4000 0.79% 2.91% 56.73%
Methanol 2,551.00 -38.00 -1.47% -9.79% 2.04%


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
240.94 248.30 800.00 0.11 2020 - 2022 GBp/Thm Daily