The National Balancing Point (NBP), the UK's natural gas benchmark, amounted to 95.46 British pence per therm on June 23, 2025, for contracts with delivery in July. Prices are generally higher in the winter months due to greater gas heating demand, especially in weeks of colder weather. The UK NBP, along with the Dutch TTF, serve as benchmarks for natural gas prices in Europe. Impact on consumer prices and household expenditure post-2022 Fluctuations in wholesale natural gas prices often have immediate impacts on UK consumers. In 2023, the consumer price index for gas in the UK rose to 195 index points, using 2015 as the base year. This increase has translated into higher household expenditure on gas, which reached approximately 24.89 billion British pounds in 2023. This figure represents a 23 percent increase from the previous year and a staggering 91 percent rise compared to two years earlier, highlighting the growing financial burden on UK households. Consumption patterns and supply challenges The residential and commercial sector remain the largest consumers of natural gas in the UK, using an estimated 40.7 billion cubic meters in 2023. This was followed by the power sector, which consumed about 15 billion cubic meters. The UK's reliance on gas imports has grown due to declining domestic production. This shift has led to an increased dependence on liquefied natural gas imports and pipeline inflows to meet demand.

UK Gas fell to 84.57 GBp/thm on July 14, 2025, down 0.83% from the previous day. Over the past month, UK Gas's price has fallen 4.85%, but it is still 15.90% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

Daily data showing SAP of gas, and rolling seven-day average, traded in Great Britain over the On-the-Day Commodity Market (OCM). These are official statistics in development. Source: National Gas Transmission.

Browse UK NBP Natural Gas Futures (GWM) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

ICE Futures Europe iMpact is the primary data feed for ICE Futures Europe and covers 50% of worldwide crude and refined oil futures trading, as well as other options and futures contracts like natural gas, power, coal, emissions, and soft commodities. This dataset includes all commodities on ICE Futures Europe—all listed outrights, spreads, options, and options combinations across every expiration month. Interest rates and financial products are not included at this time and will be part of a separate dataset.

Asset class: Futures, Options

Origin: Captured at Aurora DC3 with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP

Supported data encodings: DBN, CSV, JSON (Learn more)

Supported market data schemas: MBO, MBP-1, MBP-10, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics (Learn more)

Resolution: Immediate publication, nanosecond-resolution timestamps

Gas export to Japan has become an important source of revenue for Indonesia since the 1970s. Traditionally, the gas was priced with linkage to the oil price. However, changes in the market during the early 2010s has put pressure to this traditional pricing mechanism. Using the Vector Auto-regression (VAR) approach, this research aims to understand whether the spot LNG import pricing in Japan is moving away from JCC linkage or not, and the extent of the change if there is any. LNG price analyzed in this research is the Japanese spot cargo import price, published by the Japanese Ministry of Economy, Trade and Industry from March 2014 to November 2017. The Japanese LNG spot price was regressed against US Henry Hub (HH) and UK NBP gas hub prices, Japan Customs-Cleared (JCC) crude oil price, and Japan imported coal price in the same period.The historical decomposition of the VAR model suggests that the spot LNG price in Japan were increasingly affected by US Henry Hub and UK NBP gas prices, while the effect of JCC crude oil price is weaker, and Japanese imported coal having no significant effect towards Japanese spot LNG price. The impact of mature gas hub prices is also dynamic: HH is showing stronger effect in the mid 2016, then it changed to the domination of NBP in mid 2017.The result further indicates the increasing connectivity of gas price around the world, with US and UK price affecting Japanese gas price through spot LNG trade. Due to the demand condition in Japan and East Asian market in general, the continuation of US/European gas hub price effect is likely to happen until early 2020s, as the slight deficit in this region might be fulfilled by spot LNG import. Under the new domestic gas pricing regulation in Indonesia, the continuation of NBP impact towards gas pricing in Japan might reduce the price to the level at which fulfilling the increasing domestic gas demand is more efficient than exporting LNG.

The average gas price in Great Britain in May 2025 was 82.59 British pence per therm. This was seven pence higher than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK have been exceptionally volatile throughout the 2020s. Multiple factors, such as a lack of gas storage availability and the large share of gas in heating, have exacerbated the supply issue in the UK that followed the Russia-Ukraine war. This has also led to many smaller suppliers announcing bankruptcy, while an upped price cap threatened the energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023, double the amount spent just two years prior.

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets have turned upside down during the past five years: North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.Key PointsIn the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded. Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia. North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant. For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts. Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

The N-Butylpyrrolidinone (NBP) market is experiencing robust growth, driven by increasing demand across diverse sectors. The market's expansion is fueled primarily by the burgeoning pharmaceutical and electronics industries, which utilize NBP as a crucial solvent and intermediate in various manufacturing processes. The agricultural sector also contributes significantly, employing NBP in specialized formulations for crop protection and enhancement. The projected Compound Annual Growth Rate (CAGR) suggests a steady expansion of the market throughout the forecast period (2025-2033). While precise market size figures are unavailable, a reasonable estimate based on industry averages and the given CAGR for similar specialty chemicals would place the 2025 market size in the range of $200-250 million. This estimate accounts for the diverse applications and geographical spread detailed in the report. The high purity grades (≥99%) are expected to command a larger market share due to their suitability for stringent applications within pharmaceuticals and electronics. Geographic growth will be significantly influenced by the expanding manufacturing bases in Asia-Pacific, particularly China and India, which are projected to exhibit the highest growth rates in NBP consumption. However, potential restraints such as price volatility in raw materials and the emergence of alternative solvents could moderate the growth trajectory. The competitive landscape is characterized by a mix of established chemical companies and regional players. Companies like Eastman, TNJ Chemical, and Capot Chemical are likely to hold a dominant position, leveraging their established production capabilities and distribution networks. However, smaller regional players may gain market share through cost advantages and specialized product offerings catering to specific regional needs. The future of the NBP market will be shaped by technological advancements, including the development of more sustainable and environmentally friendly production methods, and a continued focus on high-purity grades to cater to the escalating requirements of sensitive applications. Strategic partnerships and mergers & acquisitions could further reshape the competitive landscape in the coming years.

The global N-Butylpyrrolidinone (NBP) market is experiencing robust growth, driven by increasing demand across diverse applications. While precise market size figures for 2025 aren't explicitly provided, we can estimate based on industry trends and the available information. Let's assume a 2025 market size of $500 million, with a Compound Annual Growth Rate (CAGR) of 6% projected through 2033. This CAGR is a reasonable estimate given the expanding applications of NBP in sectors like agriculture (as a solvent and in pesticide formulations), dyes (as a solvent and in pigment dispersions), electronics (in cleaning agents and specialized formulations), pharmaceuticals (as a solvent and in drug delivery systems), and others. Growth is fueled by technological advancements leading to improved NBP production methods, enhanced purity levels, and increased adoption across emerging economies. The market segmentation by purity (≥98% and ≥99%) reflects the varied demands of different applications, with higher purity grades commanding premium prices. Key players like Eastman, TNJ Chemical, and Capot Chemical are driving innovation and market competition, further shaping the growth trajectory. The regional breakdown indicates strong presence in North America and Asia-Pacific, driven by established manufacturing bases and significant demand. However, Europe and other regions are also showing promising growth potential. While challenges exist, such as fluctuations in raw material prices and stringent environmental regulations, the overall market outlook for NBP remains positive. The forecast period of 2025-2033 presents substantial opportunities for market expansion, driven by the ongoing growth of target industries and the continuous development of novel NBP applications. The estimated market value is likely to exceed $800 million by 2033 based on the projected CAGR. Further research into specific application segments and regional markets could provide more precise insights. This comprehensive report provides an in-depth analysis of the global N-Butylpyrrolidinone (NMP) market, projecting substantial growth. We delve into market dynamics, highlighting key trends, challenges, and opportunities, with a focus on production, consumption, and major players. This report is essential for businesses involved in the chemical industry, including manufacturers, distributors, and end-users.