European natural gas prices held around €35 per megawatt-hour in the last week of May, hovering near the highest levels in five months amid expectations of lower supply amid robust cooling demand. New forecasts anticipate aggressive heat waves in Europe later in the summer, with hotter temperatures expected in Northern Europe at the beginning of June, and meteorologists also warning of excessive heat in France and Spain. Also, hot temperatures in Asia intensified bidding competition for LNG in major hubs, underscored by the 16.7% annual increase in imports from Japan in April. Still, ample reserves in European storages and added capacity in Norwegian gas fields weathered serious shortage risks.

TTF Gas increased 2.29 EUR/MWh or 7.07% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, EU Natural Gas TTF reached an all time high of 345 in March of 2022. EU Natural Gas TTF - data, forecasts, historical chart - was last updated on May 31 of 2024.

TTF Gas increased 2.29 EUR/MWh or 7.07% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF is expected to trade at 31.36 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 35.04 in 12 months time.



Price Day Month Year Date
Crude Oil 77.23 -0.680 -0.87% -2.24% 10.01% May/31
Brent 81.34 -0.536 -0.65% -2.51% 9.61% May/31
Natural gas 2.56 -0.0103 -0.40% 32.59% 12.70% May/31
Gasoline 2.41 0.0157 0.66% -6.36% 1.38% May/31
Heating Oil 2.38 0.0216 0.91% -2.95% 3.10% May/31
TTF Gas 34.65 -0.18 -0.53% 20.07% 49.98% May/31
UK Gas 82.71 -0.7317 -0.88% 18.03% 52.41% May/31
Ethanol 1.82 -0.0100 -0.55% 6.12% -25.34% May/30
Naphtha 662.17 -0.76 -0.11% -0.39% 12.84% May/30
Propane 0.71 -0.002 -0.24% -3.84% 8.39% May/30
Uranium 89.90 -0.4000 -0.44% -2.60% 61.98% May/30
Methanol 2,635.00 -16.00 -0.60% 1.58% 27.54% May/31


EU Natural Gas TTF
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
34.64 34.83 345.00 3.37 2010 - 2024 EUR/MWh Daily