European natural gas futures fell to around €53.4 per MWh on Tuesday, extending their retreat from an over three-year high, as traders weighed conflicting signals surrounding the conflict in the Middle East. President Trump announced a five-day delay to earlier threatened strikes on Iran’s oil infrastructure, citing '"productive discussions" to end war. Iran, however, has denied that any such talks are happening. Energy markets have remained highly volatile since the conflict began, with the Strait of Hormuz still largely closed, restraining crude and LNG shipping flows. Recent Iranian strikes have also wiped out about 17% of Qatar’s LNG export capacity, and repairs to damaged production facilities could take up to five years, according to QatarEnergy. With European gas storage significantly depleted over winter, the region may struggle to replenish inventories this summer if disruptions persist and competition for LNG cargoes from Asia intensifies.

TTF Gas fell to 53.32 EUR/MWh on March 24, 2026, down 5.93% from the previous day. Over the past month, TTF Gas's price has risen 72.41%, and is up 28.31% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, EU Natural Gas reached an all time high of 345 in March of 2022. EU Natural Gas - data, forecasts, historical chart - was last updated on March 24 of 2026.

TTF Gas fell to 53.32 EUR/MWh on March 24, 2026, down 5.93% from the previous day. Over the past month, TTF Gas's price has risen 72.41%, and is up 28.31% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas is expected to trade at 59.60 EUR/MWh by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 72.79 in 12 months time.



Price Day Month Year Date
Crude Oil 91.44 3.312 3.76% 39.78% 32.52% Mar/24
Brent 103.44 3.497 3.50% 46.32% 41.66% Mar/24
Natural gas 2.94 0.0492 1.70% 2.52% -24.16% Mar/24
Gasoline 3.12 0.1450 4.87% 38.92% 40.85% Mar/24
Heating Oil 4.25 0.1916 4.72% 67.83% 85.65% Mar/24
TTF Gas 53.32 -3.36 -5.93% 72.41% 28.31% Mar/24
UK Gas 134.99 -8.2800 -5.78% 80.13% 33.95% Mar/24
Ethanol 1.98 -0.0250 -1.25% 13.83% 9.87% Mar/23
Naphtha 842.43 -31.31 -3.58% 50.01% 38.18% Mar/23
Propane 0.78 -0.01 -1.60% 23.34% -11.61% Mar/23
Uranium 83.50 -0.9000 -1.07% -6.13% 29.36% Mar/23
Methanol 3,074.00 -239.00 -7.21% 38.72% 16.97% Mar/24



Related Last Previous Unit Reference
Germany Natural Gas Imports 329353.20 377265.64 Terajoule Feb 2026
France Natural Gas Imports 139542.32 131866.79 Terajoule Jan 2026
Germany Natural Gas Stocks Inventory 55.55 55.21 TWh Mar 2026
France Natural Gas Stocks Inventory 27.74 27.63 TWh Mar 2026

EU Natural Gas
Dutch TTF Gas is a leading European benchmark price as the volumes traded represent more than 14 times the amount of gas used by the Netherlands for domestic purposes. Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services (GTS), the transmission system operator in the Netherlands. Delivery is made equally each hour throughout the delivery period from 06:00 (CET) on the first day of the month until 06:00 (CET) on the first day of the next month. Futures are available for trading in the Intercontinental Exchange Inc. (ICE). Prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. 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
53.32 56.68 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
TTF Prices Extend Decline
European natural gas futures fell to around €53.4 per MWh on Tuesday, extending their retreat from an over three-year high, as traders weighed conflicting signals surrounding the conflict in the Middle East. President Trump announced a five-day delay to earlier threatened strikes on Iran’s oil infrastructure, citing '"productive discussions" to end war. Iran, however, has denied that any such talks are happening. Energy markets have remained highly volatile since the conflict began, with the Strait of Hormuz still largely closed, restraining crude and LNG shipping flows. Recent Iranian strikes have also wiped out about 17% of Qatar’s LNG export capacity, and repairs to damaged production facilities could take up to five years, according to QatarEnergy. With European gas storage significantly depleted over winter, the region may struggle to replenish inventories this summer if disruptions persist and competition for LNG cargoes from Asia intensifies.
2026-03-24
TTF Prices Fall by Over 6%
European natural gas futures fell more than 6% to around €55 per MWh on Monday, extending losses for a second session after President Donald Trump ordered a five day pause on US strikes against Iranian energy infrastructure following talks aimed at ending the conflict. Trump said discussions had been productive and would continue through the week, raising hopes of de escalation. However, Iranian media denied any contact with Washington. Energy markets have been volatile since the war began, with the Strait of Hormuz largely blocked, disrupting key supply flows. European natural gas prices remain sharply higher, up more than 78% this month and near an over three-year high of €59.3 on March 20. Supply concerns persist after damage to Qatar’s Ras Laffan complex reduced LNG capacity, while global output is expected to stay constrained. European storage levels are also lower than last year (28.5% full vs 33.8% a year earlier), adding to ongoing supply risks.
2026-03-23
TTF Prices Rise Over 4%
European natural gas futures rose more than 4% to above €61 per MWh on Monday, extending last week’s gains as escalating threats to Middle Eastern energy facilities heightened fears of deeper supply disruptions. President Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz, warning of US strikes on its power infrastructure, while Tehran threatened retaliatory attacks on critical energy sites if Washington acted. Last week, both sides carried out a series of strikes targeting energy infrastructure, including Qatar’s Ras Laffan facility, the world’s largest LNG plant. Meanwhile, global LNG exports fell to a six-month low, underscoring tightening supply conditions. Shipments dropped roughly 20% to 1.1 million tons, driven mainly by declines from Qatar and, to a lesser extent, the UAE. European gas prices have now nearly doubled from pre-war levels, surging more than 90% so far this month.
2026-03-23