Actual
80.25
Daily Change
1.40 1.78%
Monthly
-2.19%
Yearly
149.46%
Q4 Forecast
84.72
EU Natural Gas - Summary

European natural gas prices fell below €78/MWh, retreating from an over three-week high after President Trump said the US would not resume military strikes on Iran before November’s midterm elections, easing fears of an escalation in the conflict. However, supply risks persist as Iran stepped up tanker attacks in the Strait of Hormuz, a chokepoint for 20% of global LNG trade, raising concerns over the safety of transits. Meanwhile, cooler weather forecasts for Northwestern Europe could lift heating demand and support gas consumption. While Europe's gas inventories have risen steadily in recent weeks, facilities are around 73% full, remaining below year-ago levels. The region’s gas network operators said the system is flexible enough to meet winter demand but warned that limited LNG supplies could push storage below 30% by winter’s end, increasing vulnerability to late-season cold snaps. Despite Friday’s pullback, prices are up about 4% this week, marking a second weekly gain.

EU Natural Gas - Stats

EU Gas rose to 80.25 EUR/MWh on October 9, 2026, up 1.78% from the previous day. Over the past month, EU Gas's price has fallen 2.19%, but it is still 149.46% 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 October 10 of 2026.

EU Natural Gas - Forecast

EU Gas rose to 80.25 EUR/MWh on October 9, 2026, up 1.78% from the previous day. Over the past month, EU Gas's price has fallen 2.19%, but it is still 149.46% 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 84.72 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 101.74 in 12 months time.



Price Day Month Year Date
Crude Oil 91.66 0.170 0.19% -10.56% 55.62% Oct/09
Brent 104.43 0.150 0.14% -2.97% 66.48% Oct/09
Natural gas 3.20 0.0333 1.05% 12.96% 3.07% Oct/09
Gasoline 3.27 -0.0412 -1.24% -3.49% 81.13% Oct/09
Heating Oil 4.68 -0.2001 -4.10% -7.41% 112.43% Oct/09
EU Gas 80.25 1.40 1.78% -2.19% 149.46% Oct/09
UK Gas 199.64 3.9700 2.03% -2.65% 142.78% Oct/09
Ethanol 2.01 -0.0325 -1.59% -2.07% 13.70% Oct/09
Naphtha 870.70 36.41 4.36% 5.46% 60.96% Oct/08
Propane 1.01 0.02 1.86% 17.19% 54.86% Oct/09
Uranium 90.00 0.1500 0.17% -0.22% 14.07% Oct/09
Methanol 4,345.00 243.00 5.92% 12.22% 96.61% Oct/09



Related Last Previous Unit Reference
Germany Natural Gas Imports 282681.20 271061.74 Terajoule Aug 2026
France Natural Gas Imports 148315.54 114961.56 Terajoule Aug 2026
Germany Natural Gas Stocks Inventory 147.53 147.03 TWh Oct 2026
France Natural Gas Stocks Inventory 107.02 106.65 TWh Oct 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
80.25 78.85 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Prices Retreat After Trump's Comments
European natural gas prices fell below €78/MWh, retreating from an over three-week high after President Trump said the US would not resume military strikes on Iran before November’s midterm elections, easing fears of an escalation in the conflict. However, supply risks persist as Iran stepped up tanker attacks in the Strait of Hormuz, a chokepoint for 20% of global LNG trade, raising concerns over the safety of transits. Meanwhile, cooler weather forecasts for Northwestern Europe could lift heating demand and support gas consumption. While Europe's gas inventories have risen steadily in recent weeks, facilities are around 73% full, remaining below year-ago levels. The region’s gas network operators said the system is flexible enough to meet winter demand but warned that limited LNG supplies could push storage below 30% by winter’s end, increasing vulnerability to late-season cold snaps. Despite Friday’s pullback, prices are up about 4% this week, marking a second weekly gain.
2026-10-09
European Gas Prices Climb on Hormuz Shipping Risks
European natural gas prices rose toward €80/MWh, the highest level in more than three weeks, as continued tanker attacks in the Strait of Hormuz fueled supply concerns. Iran has sharply increased attacks on commercial and energy vessels transiting the waterway, highlighting persistent shipping risks and threatening to disrupt the broader recovery in fuel deliveries. Reports that Washington has asked the Pentagon to prepare options for potential strikes on Iran before the November midterm elections also heightened fears of an escalation in the conflict. Further supporting prices, forecasts point to cooler weather across Northwestern Europe, which could boost heating demand as the region heads into winter. This weather-driven support comes amid steady additions to European storage reserves, with facilities now around 73% full. Still, storage levels remain below last year's, leaving the region vulnerable to prolonged supply disruptions and sudden demand spikes.
2026-10-08
European Gas Prices Rise to Over 2-Week High
European natural gas prices rose above €76/MWh, their highest level in over two weeks, as ongoing security risks around the Strait of Hormuz continued to threaten LNG flows from the Persian Gulf. The waterway, which handled roughly a fifth of global oil and LNG trade before the war, has seen attacks on vessels in recent weeks, raising concerns over the security and reliability of shipping. Although outbound traffic in September reached its highest level since the war began in late February, LNG flows remain over 75% below pre-war levels. In addition, QatarEnergy recently extended force majeure on LNG deliveries to Italy’s Edison through December. Europe is racing to replenish reserves ahead of winter, with gas storage levels at around 72% of capacity, well below the five-year seasonal average of 87%. With inventories lagging seasonal norms, any prolonged disruptions or a colder-than-expected start to the heating season could further tighten the market and drive prices higher.
2026-10-05