UK Natural Gas Prices Remain Elevated

AI Summary

UK natural gas prices rose above 216 pence per therm, remaining near a four-year high amid tight supply. Middle Eastern gas exports, which supplied about one-fifth of global LNG before the war, remain heavily disrupted at roughly 80% below year-earlier levels.

UK natural gas prices rose above 216 pence per therm, hovering near their highest level in almost four years amid tight supply conditions. Gas exports from the Middle East, which accounted for around a fifth of global LNG supply before the war began, remained largely disrupted, with flows approximately 80% below year-earlier levels. European gas ...