European natural gas futures fell to around €31 per megawatt-hour, close to their lowest since May 2024, as steady LNG arrivals and strong Norwegian pipeline flows have eased the seasonal shift, while mild, windy weather kept demand soft. In North Asia, LNG prices also fell as warmer conditions in China curbed consumption, freeing additional cargoes for Europe. European LNG imports climbed to 101.38 million tons in the first ten months of the year, up 16.75 million tons from a year earlier. Meanwhile, wind generation remains strong and forecasts point to continued elevated output. However, temperatures are expected to return to normal from Friday. EU storage stands at 82.61 percent, below last year’s level but improving, with the deficit likely narrowing to around 10 percentage points this week. At the same time, new Russian strikes on Ukrainian energy sites raise concerns that Ukraine may rely more heavily on European gas this winter.

TTF Gas rose to 31.10 EUR/MWh on November 11, 2025, up 0.42% from the previous day. Over the past month, TTF Gas's price has fallen 1.18%, and is down 28.41% 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 TTF reached an all time high of 345 in March of 2022. EU Natural Gas TTF - data, forecasts, historical chart - was last updated on November 11 of 2025.

TTF Gas rose to 31.10 EUR/MWh on November 11, 2025, up 0.42% from the previous day. Over the past month, TTF Gas's price has fallen 1.18%, and is down 28.41% 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 TTF is expected to trade at 31.93 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 36.40 in 12 months time.



Price Day Month Year Date
Crude Oil 61.05 0.890 1.48% 2.62% -10.38% Nov/11
Brent 65.14 1.070 1.67% 2.87% -9.39% Nov/11
Natural gas 4.52 0.1847 4.26% 45.05% 55.58% Nov/11
Gasoline 2.01 0.0541 2.76% 8.81% 2.59% Nov/11
Heating Oil 2.58 0.0725 2.89% 14.85% 17.01% Nov/11
TTF Gas 31.10 0.13 0.42% -1.18% -28.41% Nov/11
UK Gas 81.23 0.4500 0.56% 1.27% -27.56% Nov/11
Ethanol 1.74 0.0350 2.05% -1.14% 8.75% Nov/11
Naphtha 540.50 0.65 0.12% 2.13% -13.89% Nov/10
Propane 0.64 0.01 1.17% -0.36% -20.06% Nov/10
Uranium 77.90 0.4500 0.58% -1.58% 1.63% Nov/10
Methanol 2,070.00 12.00 0.58% -7.22% -15.96% Nov/11



Related Last Unit Reference
Germany Natural Gas Imports 282704.40 Terajoule Sep 2025
France Natural Gas Imports 124686.57 Terajoule Sep 2025
Germany Natural Gas Stocks Inventory 187.93 TWh Nov 2025
France Natural Gas Stocks Inventory 117.12 TWh Nov 2025

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
31.10 30.98 345.00 3.37 2010 - 2025 EUR/MWh Daily

News Stream
TTF Prices Fall to 1-1/2-Year Low
European natural gas futures fell to around €31 per megawatt-hour, close to their lowest since May 2024, as steady LNG arrivals and strong Norwegian pipeline flows have eased the seasonal shift, while mild, windy weather kept demand soft. In North Asia, LNG prices also fell as warmer conditions in China curbed consumption, freeing additional cargoes for Europe. European LNG imports climbed to 101.38 million tons in the first ten months of the year, up 16.75 million tons from a year earlier. Meanwhile, wind generation remains strong and forecasts point to continued elevated output. However, temperatures are expected to return to normal from Friday. EU storage stands at 82.61 percent, below last year’s level but improving, with the deficit likely narrowing to around 10 percentage points this week. At the same time, new Russian strikes on Ukrainian energy sites raise concerns that Ukraine may rely more heavily on European gas this winter.
2025-11-10
TTF Gas Hits 4-week Low
TTF Gas decreased to 31.11 EUR/MWh, the lowest since October 2025. Over the past 4 weeks, Natural Gas EU Dutch TTF lost 0.63%, and in the last 12 months, it decreased 20.04%.
2025-10-31
European Gas Holds Below €32
European natural gas futures were at around €32 per megawatt-hour, maintaining the narrow trading range that tests the lowest level in 18 months as moderate mid-autumn demand coincided with ample LNG supply. The latest forecasts indicated that temperatures in continental Europe were set to remain above normal through the turn of November, limiting demand for gas-intensive heating. Meanwhile, the Equinor and the TEA noted that a record wave of LNG capacity countered bullish bets for natural gas contracts, with strong production and export outlooks out of the US and Middle East. The developments offset lower natural gas storage in the European Union ahead of higher-demand winter season. Recent data showed that storages swung to net outflows of gas at 83% of their capacity, which is around 12 percentage points lower than last year. On the longer term, the EU banned Russian LNG imports by the start of 2027, set to remove 17 billion cubic meters of supply.
2025-10-30