European Border Price Estimates

European Border Price Estimates (Mid-Month, US$/MMBtu) Jun'21 May'21 Jun'20 Jun'21 May'21 Jun'20 To Belgium from: To Netherlands Netherlands Pipe 8.69 7.09 2.09 CIS 9.00 7.25 1.68 Norway 8.75 6.79 1.57 Norway 9.00 7.25 1.68 UK 8.75 6.79 1.57 UK 9.00 7.25 1.68 Qatar LNG 8.75 6.79 1.57 Average* 9.00 7.25 1.68 Average* 8.73 6.87 1.70 To Spain To France from: Norway 6.74 6.24 4.23 CIS 8.72 6.82 1.80 Algeria LNG 7.37 6.40 3.60 Netherlands 9.00 7.25 1.68 Algeria Pipeline† 7.85 7.32 5.23 Norway 8.72 6.82 1.80 Average* 7.32 6.65 4.35 Qatar LNG 8.72 6.82 1.80 To UK Algeria LNG 7.99 6.85 3.10 Norway 9.28 7.71 1.58 Average* 8.63 6.91 2.04 Qatar LNG 8.78 7.21 1.08 To Germany from: Average* 9.03 7.46 1.33 CIS 7.82 6.61 2.83 Average* from: Netherlands 9.00 7.25 1.68 CIS 8.66 7.13 2.38 Norway 8.95 7.35 1.87 Netherlands 8.51 7.00 2.30 Average* 8.59 7.07 2.13 Norway 8.63 7.07 2.09 To Italy from: Qatar LNG 8.75 6.94 1.48 CIS 9.11 7.85 3.23 Algeria LNG 7.68 6.62 3.35 Netherlands 7.36 6.39 3.75 Algeria Pipeline† 8.57 7.61 3.74 Norway 8.95 7.35 1.87 Average* x/UK 8.47 7.06 2.56 Algeria Pipeline† 9.29 7.89 2.25 UK 8.87 7.02 1.62 Average* 8.68 7.37 2.77 Average* All 8.52 7.06 2.42 Source: WGI's own calculations from information gathered from companies and official bodies.