European natural gas prices declined more than 7% to around €46 per MWh, nearing a two-week low, after President Donald Trump said a US–Iran framework agreement was close. He had also cancelled planned US military strikes against Iran, saying negotiations with Tehran had been elevated to the highest levels of Iranian leadership and received approval. Still, uncertainty remained as Tehran has yet to confirm. The remarks also followed Trump’s earlier threats to seize Kharg Island and take control of Iran’s oil and gas markets, alongside an escalation in US–Iran hostilities earlier in the week. The absence of concrete agreements kept concerns over prolonged supply disruptions to flows through the Strait of Hormuz, which accounts for around one-fifth of global LNG supplies. In Europe, attention remains focused on replenishing gas storage ahead of the winter season, as the conflict tightens global supply and heightens competition for LNG cargoes.

TTF Gas fell to 46.33 EUR/MWh on June 12, 2026, down 6.76% from the previous day. Over the past month, TTF Gas's price has fallen 1.26%, but it is still 23.41% higher than a year ago, 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 June 12 of 2026.

TTF Gas fell to 46.33 EUR/MWh on June 12, 2026, down 6.76% from the previous day. Over the past month, TTF Gas's price has fallen 1.26%, but it is still 23.41% higher than a year ago, 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 49.25 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 60.76 in 12 months time.



Price Day Month Year Date
Crude Oil 84.43 -3.284 -3.74% -16.43% 15.68% Jun/12
Brent 86.93 -3.445 -3.81% -17.70% 17.12% Jun/12
Natural gas 3.12 0.0364 1.18% 9.06% -12.78% Jun/12
Gasoline 3.04 -0.0575 -1.85% -15.88% 36.06% Jun/12
Heating Oil 3.39 -0.1195 -3.40% -14.45% 42.46% Jun/12
TTF Gas 46.35 -3.34 -6.71% -1.20% 23.47% Jun/12
UK Gas 111.41 -8.3500 -6.97% -3.15% 25.64% Jun/12
Ethanol 1.88 -0.0200 -1.06% -4.58% 13.29% Jun/11
Naphtha 719.82 -19.49 -2.64% -19.92% 29.92% Jun/11
Propane 0.78 -0.01 -0.84% -12.26% 3.02% Jun/11
Uranium 85.00 -0.0500 -0.06% -1.51% 21.86% Jun/11
Methanol 3,194.00 44.00 1.40% 5.00% 33.25% Jun/12



Related Last Previous Unit Reference
Germany Natural Gas Imports 338086.80 364747.59 Terajoule Apr 2026
France Natural Gas Imports 174521.82 170169.56 Terajoule Apr 2026
Germany Natural Gas Stocks Inventory 87.90 87.40 TWh Jun 2026
France Natural Gas Stocks Inventory 54.62 54.50 TWh Jun 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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
46.33 49.69 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
TTF Prices Down Over 7%
European natural gas prices declined more than 7% to around €46 per MWh, nearing a two-week low, after President Donald Trump said a US–Iran framework agreement was close. He had also cancelled planned US military strikes against Iran, saying negotiations with Tehran had been elevated to the highest levels of Iranian leadership and received approval. Still, uncertainty remained as Tehran has yet to confirm. The remarks also followed Trump’s earlier threats to seize Kharg Island and take control of Iran’s oil and gas markets, alongside an escalation in US–Iran hostilities earlier in the week. The absence of concrete agreements kept concerns over prolonged supply disruptions to flows through the Strait of Hormuz, which accounts for around one-fifth of global LNG supplies. In Europe, attention remains focused on replenishing gas storage ahead of the winter season, as the conflict tightens global supply and heightens competition for LNG cargoes.
2026-06-12
TTF Prices Climb to Over 3-Week High
European natural gas prices rose further to €50.3 per MWh, the highest in over three weeks, as escalating attacks between the US and Iran threatened to undermine efforts to end the conflict. The US launched new strikes on several targets in Iran for a second straight day after President Donald Trump accused Tehran of delaying peace talks. Iran responded by completely closing the Strait of Hormuz to all maritime traffic and reportedly struck two vessels transiting the key waterway. The latest US attacks followed earlier strikes carried out in retaliation for the downing of an American helicopter off the coast of Oman, which Trump blamed on Tehran. The renewed hostilities risk prolonging disruptions to energy flows through the strait, which handles around one-fifth of global LNG supplies. For Europe, the primary concern is replenishing gas storage ahead of next winter, as the conflict tightens global supplies and intensifies competition for LNG cargoes.
2026-06-11
TTF Prices Rise as US Launches New Strikes on Iran
European natural gas prices rose to around €49.2 per MWh, recouping part of the previous session’s losses after the US carried out strikes on Iran in response to a downed helicopter. President Donald Trump earlier accused Tehran of shooting down the aircraft, which he said was conducting patrol operations over the Strait of Hormuz, and pledged retaliation. The new US strikes have again raised concerns about the durability of their ceasefire and ongoing peace negotiations, increasing the risk of prolonged disruptions to traffic through Hormuz, where shipping has already been constrained by blockades imposed by both sides. This development comes after Israel and Iran agreed to suspend mutual attacks following a recent escalation in hostilities. For Europe, attention remains focused on refilling storage facilities for next winter, with the ongoing conflict tightening global supply and intensifying competition for LNG cargoes.
2026-06-10