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.
TTF Gas fell to 49.78 EUR/MWh on March 4, 2026, down 7.13% from the previous day. Over the past month, TTF Gas's price has risen 47.56%, and is up 21.44% 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 49.78 EUR/MWh on March 4, 2026, down 7.13% from the previous day. Over the past month, TTF Gas's price has risen 47.56%, and is up 21.44% 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.