Actual
71.89
Daily Change
-3.05 -4.07%
Monthly
9.29%
Yearly
116.96%
Q3 Forecast
72.08
EU Natural Gas - Summary

European natural gas prices dropped below €72 per megawatt-hour on Friday, paring back the previous session’s gains amid reports of US-Iran discussions over a phased agreement to reopen the Strait of Hormuz and end the US blockade. The strait remains a major sticking point in efforts to resolve the nearly seven-month conflict, with neither side willing to relinquish control of the key waterway. LNG flows from the Persian Gulf remain severely disrupted, intensifying competition between Europe and Asia for limited supplies just as the region races to rebuild inventories ahead of the winter heating season. European gas storage is currently just over 70% full, still below both the seasonal norm and the region’s target, leaving the market vulnerable to further supply disruptions. Maintenance in Norway is also curbing pipeline supplies to Europe, tightening the market further. European gas prices have declined more than 8% over the week.

EU Natural Gas - Stats

EU Gas fell to 71.89 EUR/MWh on September 25, 2026, down 4.07% from the previous day. Over the past month, EU Gas's price has risen 9.29%, and is up 116.96% 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 345.00 in March of 2022. EU Natural Gas - data, forecasts, historical chart - was last updated on September 27 of 2026.

EU Natural Gas - Forecast

EU Gas fell to 71.89 EUR/MWh on September 25, 2026, down 4.07% from the previous day. Over the past month, EU Gas's price has risen 9.29%, and is up 116.96% 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 72.08 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 90.96 in 12 months time.



Price Day Month Year Date
Crude Oil 92.41 -2.200 -2.33% 12.38% 40.61% Sep/25
Brent 104.32 -2.280 -2.14% 19.99% 50.71% Sep/25
Natural gas 3.20 -0.1010 -3.06% 11.20% -0.31% Sep/25
Gasoline 3.39 -0.1712 -4.80% 14.62% 66.54% Sep/25
Heating Oil 4.68 -0.0456 -0.96% 13.01% 93.85% Sep/25
EU Gas 71.89 -3.05 -4.07% 9.29% 116.96% Sep/25
UK Gas 183.04 -7.6700 -4.02% 8.64% 118.37% Sep/26
Ethanol 2.13 0.0125 0.59% 3.15% 13.90% Sep/25
Naphtha 811.83 -26.73 -3.19% 9.05% 43.89% Sep/25
Propane 0.87 -0.02 -2.06% 21.94% 22.23% Sep/25
Uranium 89.50 0.0500 0.06% -1.21% 8.48% Sep/25
Methanol 3,513.00 164.00 4.90% 18.72% 55.17% Sep/24



Related Last Previous Unit Reference
Germany Natural Gas Imports 282681.20 271061.74 Terajoule Aug 2026
France Natural Gas Imports 114961.56 124522.25 Terajoule Jul 2026
Germany Natural Gas Stocks Inventory 141.24 141.12 TWh Sep 2026
France Natural Gas Stocks Inventory 101.09 100.87 TWh Sep 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
71.89 74.94 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Falls on Hormuz Deal Hopes
European natural gas prices dropped below €72 per megawatt-hour on Friday, paring back the previous session’s gains amid reports of US-Iran discussions over a phased agreement to reopen the Strait of Hormuz and end the US blockade. The strait remains a major sticking point in efforts to resolve the nearly seven-month conflict, with neither side willing to relinquish control of the key waterway. LNG flows from the Persian Gulf remain severely disrupted, intensifying competition between Europe and Asia for limited supplies just as the region races to rebuild inventories ahead of the winter heating season. European gas storage is currently just over 70% full, still below both the seasonal norm and the region’s target, leaving the market vulnerable to further supply disruptions. Maintenance in Norway is also curbing pipeline supplies to Europe, tightening the market further. European gas prices have declined more than 8% over the week.
2026-09-25
European Gas Rebounds on Middle East Uncertainty
European natural gas prices rose toward €75/MWh on Thursday, rebounding from a three-week low amid uncertainty over a resolution to the Middle East conflict that could reopen the Strait of Hormuz. Iranian President Masoud Pezeshkian said that Tehran would never surrender to the US but remained open to dialogue and diplomacy, while setting conditions for a return to negotiations. The key waterway remains largely closed, impeding LNG flows from the Persian Gulf. Europe’s gas storage position remains a key concern as the winter heating season approaches. Storage facilities are around 70% full, still below the five-year seasonal average and the region’s 80% target. Goldman Sachs reiterated upside risks to gas prices, warning that European benchmark could rise above €100/MWh in peak winter if Gulf LNG exports do not increase.
2026-09-24
European Natural Gas Prices Fall on New US-Iran Talks
European natural gas prices fell to around €72/MWh on Wednesday, their lowest level since September 4th, as renewed US-Iran talks revived hopes for a diplomatic resolution. President Donald Trump said US officials had a very good meeting with Iranian representatives on the sidelines of the UN gathering, though no further details were provided. Tehran also reportedly signaled a willingness to reopen the Strait of Hormuz within seven days if Washington eases military pressure and lifts its blockade. Rising numbers of LNG tankers and crude carriers using alternative routes have also alleviated some supply concerns. However, uncertainty surrounding the conflict and the outlook for energy transportation remains. Europe’s gas storage facilities are around 69% full, well below the 85% five-year seasonal average, leaving the market vulnerable ahead of the winter heating season. Norwegian gas exports also remain constrained by maintenance, with bookings falling to 262.5 mcm/day on Tuesday.
2026-09-23