BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR PRIVACY & COOKIE NOTICE
X
Skip Navigation LinksHome|Methodology & Reference|Price Assessments| UK NBP: natural gas price assessments | Platts

UK NBP Gas Price Assessment: Natural Gas Price Assessments

What is UK NBP?

The UK NBP gas market is Europe’s longest-established spot-traded natural gas market, in operation since the late 1990s. The price of UK NBP is widely used as an indicator for Europe’s wholesale gas market, alongside the more recent, but rapidly growing, Continental European trading hubs such as the Dutch TTF.

NBP stands for National Balancing Point. In the NBP model gas anywhere in the country within the national transmission system counts as NBP gas. This brings buyers and sellers together to simplify trade.

The UK gas market has a wide range of gas supplies: the UK’s own gas production, piped imports from Norway and Continental Europe, storage, and liquefied natural gas tanker supplies from global markets. Declining North Sea production over the past decade has seen a growing increase in the proportion of supply from imports.

The NBP gas market allows a wide range of participants to buy and sell: oil and gas producers, LNG suppliers, utility companies, power generators, industrial users and financial traders. Gas can be traded over-the-counter between participants and through brokers, or on exchanges.

A variety of delivery periods are traded in the market, including: within-day (for same day delivery), day-ahead (for next day delivery), months, quarters, summers (April to September) and winters (October to March) and annual contracts.

The Platts UK NBP Gas Price Assessment is available in these services.

How do we assess the UK NBP gas market?

See Less   Platts: minus
Our UK NBP gas pricing assessments reflect the transactable value of a range of wholesale gas contracts at the end of each trading day, based on market information available to Platts. Our Natural Gas Price Assessments are published on European Power Alert, in European Gas Daily and available as Platts Market Price Data.

Evolution of Platts UK NBP Price Assessments

See Less   Platts: minus
Since the late 1990s the UK NBP gas market has seen growth in liquidity and transparency, as well as an increasing link to Continental and global natural gas markets.

In 1998 the start-up of the UK-Belgium Interconnector pipeline allowed gas flows between the UK and Continental Europe, joining the UK with a Continental European market importing gas on long-term, oil-indexed supply contracts.

Further pipeline links came with the opening of the BBL pipeline from the Netherlands to the UK in late 2006, and the Norwegian Langeled pipeline to the UK during 2006-07.

The Grain LNG terminal opened in Kent in 2005, followed by the South Hook and Dragon LNG terminals in southwest Wales in 2009, allowing imports of LNG from global suppliers such as Qatar.

As the Continental European gas market has liberalized, spot trading hubs on the Continent have also increased in number and liquidity. Platts assessments of natural gas price coverage includes the Dutch TTF, Belgian Zeebrugge, German GASPOOL and NetConnect Germany, French PEGs, Italian PSV and Austrian VTP.

Natural Gas UK NBP Price Assessment Methodology



How do you access the daily UK NBP gas price?

The UK NBP natural gas market price assessment can be accessed in the following Platts services.

Market Price Data – Natural Gas

  • Access the latest, most accurate Natural Gas price data. This service provides you with our end-of-day assessments, corrections, third-party data, and a rolling 45-day historical database
  • The most efficient and reliable way to receive our industry-standard benchmark assessments data
  • Complete and custom historical data sets are also available

European Power Alert

  • Get a complete picture of the European Power market delivered in real time
  • Platts' daily European electric spot market assessments, forward power assessments and EUA and CER assessments
  • Detailed market commentary and analysis covering industry developments and price discovery

European Gas Daily

  • This unrivalled resources provides the most accurate price assessments, the latest corporate, regulatory and commercial news across Europe
  • Gas news, LNG news, market commentary, analysis and futures prices from the major European exchanges all in one place
  • Power generation cost comparisons for a total market



NaturalGas Industry Conferences, Forums and Events

Training & Events – Natural Gas


See all Gas Events

Platts Market On Close Video


View the Platts Market On Close Video

Contact Us


Gas Editorial Team Sales and Customer Services


Copyright © 2016 S&P Global Platts, a division of S&P Global. All rights reserved.