Actual
86.85
Daily Change
2.11 2.49%
Monthly
2.96%
Yearly
180.76%
Q4 Forecast
88.76
EU Natural Gas - Summary

European natural gas prices rose above €87/MWh, up from a one-month low of €82.5 hit on November 9, as concerns over tight winter supplies outweighed optimism about a potential resolution to the US-Iran conflict. Europe’s already low storage levels are declining rapidly amid colder weather, lower wind generation and increased heating demand. Net withdrawals last week rose nearly sixfold from the previous week, while EU storage stood below 73%, well under the five-year seasonal average of 89%; Germany’s reserves were below 60%. Supply pressures have been compounded by disruptions to Middle Eastern LNG exports, constrained Norwegian pipeline flows due to outages and intensifying competition from Asian buyers. However, hopes for de-escalation have improved after US President Donald Trump signaled that further strikes on Iran might not be necessary. Meanwhile, Qatar’s LNG loadings picked up in recent weeks, suggesting efforts to restore exports despite disruption around the Strait.

EU Natural Gas - Stats

EU Gas rose to 86.85 EUR/MWh on November 11, 2026, up 2.49% from the previous day. Over the past month, EU Gas's price has risen 2.96%, and is up 180.76% 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 November 11 of 2026.

EU Natural Gas - Forecast

EU Gas rose to 86.85 EUR/MWh on November 11, 2026, up 2.49% from the previous day. Over the past month, EU Gas's price has risen 2.96%, and is up 180.76% 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 88.76 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 108.75 in 12 months time.



Price Day Month Year Date
Crude Oil 86.22 0.490 0.57% -8.02% 47.41% Nov/11
Brent 92.76 1.270 1.39% -13.02% 47.92% Nov/11
Natural gas 3.24 -0.0533 -1.62% 2.39% -28.46% Nov/11
Gasoline 2.60 -0.0067 -0.26% -20.95% 33.48% Nov/11
Heating Oil 4.20 0.0727 1.76% -11.09% 69.22% Nov/11
EU Gas 86.85 2.11 2.49% 2.96% 180.76% Nov/11
UK Gas 216.49 5.2000 2.46% 3.24% 166.45% Nov/11
Ethanol 1.78 -0.0050 -0.28% -12.75% 1.57% Nov/11
Naphtha 776.50 14.63 1.92% -12.86% 42.53% Nov/11
Propane 1.01 -0.06 -5.63% -3.87% 52.97% Nov/10
Uranium 90.95 -0.4500 -0.49% 1.06% 16.53% Nov/10
Methanol 3,780.00 0 0% -6.30% 82.17% Nov/11



Related Last Previous Unit Reference
Germany Natural Gas Imports 256626.00 262801.03 Terajoule Sep 2026
France Natural Gas Imports 149780.31 148315.54 Terajoule Sep 2026
Germany Natural Gas Stocks Inventory 144.70 145.81 TWh Nov 2026
France Natural Gas Stocks Inventory 99.38 100.11 TWh Nov 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
86.85 84.74 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Natural Gas Prices Rise from 1-Month Low
European natural gas prices rose above €87/MWh, up from a one-month low of €82.5 hit on November 9, as concerns over tight winter supplies outweighed optimism about a potential resolution to the US-Iran conflict. Europe’s already low storage levels are declining rapidly amid colder weather, lower wind generation and increased heating demand. Net withdrawals last week rose nearly sixfold from the previous week, while EU storage stood below 73%, well under the five-year seasonal average of 89%; Germany’s reserves were below 60%. Supply pressures have been compounded by disruptions to Middle Eastern LNG exports, constrained Norwegian pipeline flows due to outages and intensifying competition from Asian buyers. However, hopes for de-escalation have improved after US President Donald Trump signaled that further strikes on Iran might not be necessary. Meanwhile, Qatar’s LNG loadings picked up in recent weeks, suggesting efforts to restore exports despite disruption around the Strait.
2026-11-10
European Natural Gas Prices Extend Losses
European natural gas prices extended their decline, falling to around €80/MWh, their lowest level in a month, amid growing hopes for a diplomatic resolution to the Middle East conflict. President Donald Trump said on Monday that there was “positive momentum” toward ending the war, adding that new strikes are quite unlikely. Still, European gas prices remain more than double their pre-conflict levels, as shipping disruptions through the Strait of Hormuz have stranded nearly 20% of global LNG exports from the Persian Gulf, keeping the gas market tight ahead of winter. EU gas storage levels are below 73%, well under the five-year seasonal average of 90%, while Germany's inventories are less than 60% full. Colder weather, along with low wind and solar generation, has accelerated storage withdrawals, while Norwegian pipeline flows have remained below capacity due to unplanned outages. The tight supply situation has raised the prospect of intense competition with Asia for cargoes.
2026-11-10
European Natural Gas Prices Fall to 4-Week Low
European natural gas prices fell to around €82/MWh, their lowest level since October 9, extending a 17.7% loss in the previous week, as hopes of a diplomatic resolution to the Middle East conflict grew. President Donald Trump said it’s highly unlikely he will order extensive strikes on the Islamic Republic, although Secretary of State Marco Rubio cautioned that negotiations may not deliver rapid progress. However, prices remain well above their pre-war levels, as the disruption of Middle Eastern LNG exports, which previously accounted for around a fifth of global supply, leaves Europe facing a tight market ahead of winter. EU gas storage is below 73%, well below the five-year seasonal average of 90%, while Germany’s inventories are below 60%. Colder temperatures and weaker wind and solar generation have increased withdrawals, while Norwegian pipeline supplies remain constrained by outages. Competition for LNG is also expected to intensify as Asian buyers increase spot purchases.
2026-11-09