Actual
59.24
Daily Change
-1.78 -2.91%
Monthly
11.43%
Yearly
84.32%
Q3 Forecast
62.86
EU Natural Gas - Summary

European natural gas prices fell to around €60 per MWh on Thursday but remained more than 8% higher so far this week, as supply concerns persisted amid uncertainty over efforts to resolve the Middle East conflict and reopen the Strait of Hormuz. Talks between the US and Iran appear to have hit an impasse, with both sides taking a firmer stance and President Trump insisting that Washington has full control of the key waterway and intends to keep it that way. Shipping disruptions have sharply curtailed LNG flows from the Gulf, significantly delaying cargoes from major exporter Qatar and making it difficult for Europe to rebuild gas inventories ahead of winter. Analysts anticipate European gas prices will maintain a firm floor until storage levels show clearer signs of building before the heating season begins. At the same time, intense summer heatwaves across Southern and Central Europe have ramped up gas-fired power generation to meet cooling needs, diverting supplies from storage.

EU Natural Gas - Stats

EU Gas fell to 59.29 EUR/MWh on August 13, 2026, down 2.84% from the previous day. Over the past month, EU Gas's price has risen 11.52%, and is up 84.47% 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 August 13 of 2026.

EU Natural Gas - Forecast

EU Gas fell to 59.29 EUR/MWh on August 13, 2026, down 2.84% from the previous day. Over the past month, EU Gas's price has risen 11.52%, and is up 84.47% 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 62.86 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 76.73 in 12 months time.



Price Day Month Year Date
Crude Oil 82.00 -1.268 -1.52% 3.36% 28.21% Aug/13
Brent 87.56 -1.417 -1.59% 3.34% 31.00% Aug/13
Natural gas 2.78 -0.0205 -0.73% -4.15% -2.02% Aug/13
Gasoline 3.12 -0.0349 -1.11% -3.36% 47.89% Aug/13
Heating Oil 4.21 -0.0919 -2.14% 4.93% 88.50% Aug/13
EU Gas 59.24 -1.78 -2.91% 11.43% 84.32% Aug/13
UK Gas 145.85 -4.0647 -2.71% 13.81% 85.06% Aug/13
Ethanol 1.99 0 0% 1.02% 13.75% Aug/12
Naphtha 731.58 -11.61 -1.56% 3.76% 32.84% Aug/12
Propane 0.72 0.01 2.08% -5.19% 5.98% Aug/12
Uranium 87.15 0.2500 0.29% 1.81% 19.88% Aug/12
Methanol 2,636.00 30.00 1.15% 0.08% 12.65% Aug/13



Related Last Previous Unit Reference
Germany Natural Gas Imports 273358.80 302324.40 Terajoule Jul 2026
France Natural Gas Imports 124522.25 143947.76 Terajoule Jun 2026
Germany Natural Gas Stocks Inventory 116.53 119.87 TWh Aug 2026
France Natural Gas Stocks Inventory 75.98 75.45 TWh Aug 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
59.29 61.02 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Prices Ease but Remain Elevated
European natural gas prices fell to around €60 per MWh on Thursday but remained more than 8% higher so far this week, as supply concerns persisted amid uncertainty over efforts to resolve the Middle East conflict and reopen the Strait of Hormuz. Talks between the US and Iran appear to have hit an impasse, with both sides taking a firmer stance and President Trump insisting that Washington has full control of the key waterway and intends to keep it that way. Shipping disruptions have sharply curtailed LNG flows from the Gulf, significantly delaying cargoes from major exporter Qatar and making it difficult for Europe to rebuild gas inventories ahead of winter. Analysts anticipate European gas prices will maintain a firm floor until storage levels show clearer signs of building before the heating season begins. At the same time, intense summer heatwaves across Southern and Central Europe have ramped up gas-fired power generation to meet cooling needs, diverting supplies from storage.
2026-08-13
European Natural Gas Resumes Gains
European natural gas prices rose to €61 per MWh on Wednesday, resuming gains after a brief decline on Tuesday, as doubts grew over the likelihood of an agreement to resume energy flows through the Strait of Hormuz. Supply concerns persisted despite Pakistan’s defense minister saying that the US and Iran were “close to some sort of arrangement” over the waterway, while negotiations between Tehran and Oman were also reportedly making significant progress. Both Washington and Tehran had taken a firmer stance, clouding prospects for a swift reopening of the strait. The ongoing disruption to shipping has severely constrained LNG shipments, with cargoes from major exporter Qatar significantly delayed. Analysts expect European gas prices to maintain a firm floor until storage levels show clearer signs of building ahead of the heating season. Hot weather across Europe is also boosting electricity demand for cooling, adding further pressure to the market.
2026-08-12
European Natural Gas Prices Fall
European natural gas prices fell below €59 per megawatt-hour as hopes for progress in US-Iran negotiations eased concerns over energy supplies. Pakistan’s Defense Minister Khawaja Asif said the two sides were “close to some sort of arrangement,” while talks between Iran and Oman over reopening the Strait of Hormuz were reportedly at an advanced stage. A deal could help restore LNG flows through the Persian Gulf and reduce pressure on European gas markets. Despite the optimism, Commerzbank raised its year-end European gas price forecast to €50/MWh from €45/MWh, while Uniper expects prices to remain around €50-€60/MWh as long as Hormuz remains closed. European storage levels recently fell to the lowest seasonal levels in records going back to 2009, heightening concerns over winter supplies. Meanwhile, persistent European heatwaves are boosting power demand and adding further pressure to gas markets.
2026-08-11