Actual
70.88
Daily Change
-1.01 -1.41%
Monthly
1.53%
Yearly
117.61%
Q3 Forecast
72.08
EU Natural Gas - Summary

European natural gas prices rose above €72/MWh, as Qatar’s prolonged LNG supply disruptions and uncertainty over the Strait of Hormuz raised concerns about gas supplies. QatarEnergy extended its force majeure on LNG deliveries to Italy’s Edison through December, while Pakistan has reportedly secured an extension into November because of difficulties shipping gas through the waterway. Iran has maintained its conditions for reopening the strait after US President Donald Trump rejected its latest proposal, although he indicated that talks could resume this week. The prolonged uncertainty is raising concerns about Europe’s ability to replenish gas inventories before winter. EU officials urged member states to conserve energy and continue filling storage. European facilities are around 71% full, well below the five-year seasonal average of 87%, while Germany’s storage sites are just over 57% full. LNG imports have increased since mid-August, but supply competition remains a key risk.

EU Natural Gas - Stats

EU Gas fell to 70.77 EUR/MWh on September 28, 2026, down 1.56% from the previous day. Over the past month, EU Gas's price has risen 1.37%, and is up 117.27% 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 September 28 of 2026.

EU Natural Gas - Forecast

EU Gas fell to 70.77 EUR/MWh on September 28, 2026, down 1.56% from the previous day. Over the past month, EU Gas's price has risen 1.37%, and is up 117.27% 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 92.91 0.504 0.55% 8.34% 46.44% Sep/28
Brent 105.68 1.355 1.30% 16.78% 57.51% Sep/28
Natural gas 3.14 -0.0846 -2.62% 7.00% -3.88% Sep/28
Gasoline 3.33 -0.0633 -1.87% 8.23% 72.43% Sep/28
Heating Oil 4.78 0.0946 2.02% 8.36% 103.49% Sep/28
EU Gas 70.88 -1.01 -1.41% 1.53% 117.61% Sep/28
UK Gas 179.67 -3.3700 -1.84% 0.77% 114.35% Sep/28
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 89.30 -0.2000 -0.22% -1.43% 8.24% Sep/28
Methanol 3,545.00 32.00 0.91% 13.84% 56.72% Sep/28



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 141.98 141.45 TWh Sep 2026
France Natural Gas Stocks Inventory 102.16 101.55 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
70.77 71.89 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Prices Rebound
European natural gas prices rose above €72/MWh, as Qatar’s prolonged LNG supply disruptions and uncertainty over the Strait of Hormuz raised concerns about gas supplies. QatarEnergy extended its force majeure on LNG deliveries to Italy’s Edison through December, while Pakistan has reportedly secured an extension into November because of difficulties shipping gas through the waterway. Iran has maintained its conditions for reopening the strait after US President Donald Trump rejected its latest proposal, although he indicated that talks could resume this week. The prolonged uncertainty is raising concerns about Europe’s ability to replenish gas inventories before winter. EU officials urged member states to conserve energy and continue filling storage. European facilities are around 71% full, well below the five-year seasonal average of 87%, while Germany’s storage sites are just over 57% full. LNG imports have increased since mid-August, but supply competition remains a key risk.
2026-09-28
European Gas Advances as Trump Rejects Iran’s Proposal
European natural gas prices rose above €72/MWh on Monday after declining the previous week, as President Donald Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz, saying the terms were unacceptable. The move reignited concerns over prolonged disruptions to energy supplies from the Persian Gulf. Reports that Trump expects to resume bombing Iran after the November midterms also added to uncertainty. Despite this, Trump said he expects talks with Tehran to resume this week. Iran, meanwhile, has reiterated its commitment to diplomacy while maintaining its existing conditions. Europe’s relatively low gas inventories was the main concern as the winter heating season approaches, with storage facilities around 70% full, below the five-year seasonal average and the bloc’s target. The EU reportedly warned of a potential energy price crisis stemming from the conflict, calling on member states to curb demand and continue replenishing storage ahead of winter.
2026-09-28
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