European natural gas futures dropped more than 9% to €48.3 per megawatt-hour on Wednesday, following a nearly 60% surge over the prior two sessions, after reports that Iran may be willing to discuss ending the Middle East conflict that has shaken energy markets. While the offer raised hopes, US officials remain skeptical that either side is ready for a short-term resolution. The world’s largest LNG plant in Qatar remains offline, and the Strait of Hormuz is largely closed, stoking fears of a major supply shock. European supplies have not yet been directly affected, as shipments scheduled for March are already en route, but the continent remains vulnerable with storage levels low and large volumes needed to refill reserves this summer. Meanwhile, President Donald Trump said the US would ensure vessels and provide naval escorts if needed.

TTF Gas fell to 49.11 EUR/MWh on March 4, 2026, down 8.38% from the previous day. Over the past month, TTF Gas's price has risen 45.58%, and is up 19.81% 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 March 4 of 2026.

TTF Gas fell to 49.11 EUR/MWh on March 4, 2026, down 8.38% from the previous day. Over the past month, TTF Gas's price has risen 45.58%, and is up 19.81% 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 39.47 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 45.56 in 12 months time.



Price Day Month Year Date
Crude Oil 74.65 0.086 0.12% 17.94% 12.57% Mar/04
Brent 82.13 0.728 0.89% 21.58% 18.51% Mar/04
Natural gas 2.99 -0.0661 -2.16% -14.85% -32.86% Mar/04
Gasoline 2.48 0.0051 0.21% 29.21% 16.23% Mar/04
Heating Oil 3.17 -0.0134 -0.42% 32.60% 41.78% Mar/04
TTF Gas 49.77 -3.83 -7.15% 47.53% 21.42% Mar/04
UK Gas 129.41 -11.5815 -8.21% 59.49% 29.61% Mar/04
Ethanol 1.81 0 0% 11.21% 7.58% Mar/02
Naphtha 669.88 36.39 5.74% 19.02% 9.99% Mar/03
Propane 0.74 0.03 4.55% 11.36% -14.91% Mar/03
Uranium 86.20 -0.2500 -0.29% -1.54% 33.23% Mar/03
Methanol 2,546.00 108.00 4.43% 15.73% -3.05% Mar/04



Related Last Previous Unit Reference
Germany Natural Gas Imports 344793.60 388717.25 Terajoule Jan 2026
France Natural Gas Imports 131866.79 148363.05 Terajoule Dec 2025
Germany Natural Gas Stocks Inventory 52.48 52.30 TWh Mar 2026
France Natural Gas Stocks Inventory 27.27 27.22 TWh Mar 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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
49.11 53.60 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
TTF Prices Slump 9% as Iran Talks Raise Hopes
European natural gas futures dropped more than 9% to €48.3 per megawatt-hour on Wednesday, following a nearly 60% surge over the prior two sessions, after reports that Iran may be willing to discuss ending the Middle East conflict that has shaken energy markets. While the offer raised hopes, US officials remain skeptical that either side is ready for a short-term resolution. The world’s largest LNG plant in Qatar remains offline, and the Strait of Hormuz is largely closed, stoking fears of a major supply shock. European supplies have not yet been directly affected, as shipments scheduled for March are already en route, but the continent remains vulnerable with storage levels low and large volumes needed to refill reserves this summer. Meanwhile, President Donald Trump said the US would ensure vessels and provide naval escorts if needed.
2026-03-04
EU Natural Gas Extends Rally
European natural gas futures rose more than 4% to above €56/MWh, extending their rally to hit an over three-year high. Prices have surged 60% over the past two days following the shutdown of Qatar's LNG facilities and the closure of the Strait of Hormuz amid rising tensions in the Middle East. Uncertainty over the timeline for restoring production at QatarEnergy’s Ras Laffan plant, the world's largest LNG export hub, has heightened fears of a supply shortfall, particularly as the Strait’s closure has also constrained shipments from other major producers in the region. Meanwhile, President Trump said on Tuesday that the US would insure and accompany ships passing through the Gulf if needed, though key details of this plan remain unclear. These ongoing disruptions are placing additional strain on Europe’s already depleted winter gas storage, raising concerns about summer restocking.
2026-03-04
Natural Gas EU traded above 60 EUR/MWh
Natural Gas EU rose above 60, according to trading on a contract for difference (CFD).
2026-03-03