Actual
88.31
Daily Change
0.77 0.88%
Monthly
20.56%
Yearly
178.24%
Q4 Forecast
92.01
EU Natural Gas - Summary

European natural gas prices rose further above €88 per megawatt-hour on Monday, the highest since December 2022, as limited Gulf LNG supplies continue to hamper the EU’s efforts to replenish depleted gas storage ahead of winter. Europe’s gas storage levels have risen steadily in recent weeks, reaching 74.31% of capacity as of October 18, but remain below typical levels for this time of year. Ongoing tensions and security threats in the Middle East have fueled concerns about shipping safety and tighter global energy supplies. LNG flows from the region remain about 80% lower than last year’s levels. This sets the stage for intensified competition between Asia and Europe, the world’s two largest LNG-importing regions, for available cargoes as winter approaches. Prices remain vulnerable to further spikes in the event of a colder winter and sustained supply disruptions.

EU Natural Gas - Stats

EU Gas rose to 88.41 EUR/MWh on October 19, 2026, up 0.99% from the previous day. Over the past month, EU Gas's price has risen 20.70%, and is up 178.56% 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 October 19 of 2026.

EU Natural Gas - Forecast

EU Gas rose to 88.41 EUR/MWh on October 19, 2026, up 0.99% from the previous day. Over the past month, EU Gas's price has risen 20.70%, and is up 178.56% 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 92.01 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 111.02 in 12 months time.



Price Day Month Year Date
Crude Oil 103.04 1.630 1.61% 11.55% 80.71% Oct/19
Brent 110.04 0.178 0.16% 9.67% 80.36% Oct/19
Natural gas 3.06 -0.0604 -1.94% 7.74% -10.05% Oct/19
Gasoline 3.23 -0.0097 -0.30% -7.04% 76.63% Oct/19
Heating Oil 4.97 0.0697 1.42% 1.62% 126.67% Oct/19
EU Gas 88.31 0.77 0.88% 20.56% 178.24% Oct/19
UK Gas 218.33 1.9300 0.89% 20.23% 171.89% Oct/19
Ethanol 1.94 -0.1050 -5.13% -4.43% 15.48% Oct/16
Naphtha 912.78 34.87 3.97% 8.95% 76.85% Oct/16
Propane 1.12 0.05 4.39% 32.16% 74.28% Oct/16
Uranium 90.10 0.1000 0.11% 0.45% 15.51% Oct/16
Methanol 3,380.00 26.00 0.78% -3.10% 50.89% Oct/19



Related Last Previous Unit Reference
Germany Natural Gas Imports 256626.00 262801.03 Terajoule Sep 2026
France Natural Gas Imports 148315.54 114961.56 Terajoule Aug 2026
Germany Natural Gas Stocks Inventory 150.91 150.19 TWh Oct 2026
France Natural Gas Stocks Inventory 108.50 108.26 TWh Oct 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
88.41 87.55 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Prices Extend Advance
European natural gas prices rose further above €88 per megawatt-hour on Monday, the highest since December 2022, as limited Gulf LNG supplies continue to hamper the EU’s efforts to replenish depleted gas storage ahead of winter. Europe’s gas storage levels have risen steadily in recent weeks, reaching 74.31% of capacity as of October 18, but remain below typical levels for this time of year. Ongoing tensions and security threats in the Middle East have fueled concerns about shipping safety and tighter global energy supplies. LNG flows from the region remain about 80% lower than last year’s levels. This sets the stage for intensified competition between Asia and Europe, the world’s two largest LNG-importing regions, for available cargoes as winter approaches. Prices remain vulnerable to further spikes in the event of a colder winter and sustained supply disruptions.
2026-10-19
European Gas Prices Hover Near Peaks
European natural gas prices rose to €88 per megawatt-hour, the highest since December 2022, as tight global LNG supply and low storage levels heightened concerns over winter supplies. EU gas storage facilities were around 74.1% full, far lower than typical levels for this time of year, with some countries struggling to meet the minimum storage requirements. Replenishing inventories has become challenging for Europe due to shipping disruptions through the Strait of Hormuz, with Middle Eastern supplies remaining about 80% lower than a year earlier. This sets the stage for fiercer competition between Asia and Europe, the world’s two largest LNG-importing regions, for available cargoes as temperatures fall. Prices remain vulnerable to further spikes in the event of a colder winter and prolonged supply disruptions. For the week, European gas prices have risen more than 7%, marking their third consecutive weekly gain.
2026-10-16
European Gas Prices Ease but Remain Elevated
European natural gas prices fell below €86 per megawatt-hour on Thursday, taking a pause after a rally to multi-year highs amid Persian Gulf supply risks and low winter storage reserves. Shipping disruptions through the Strait of Hormuz have constrained LNG flows from the Middle East, which accounts for around 20% of global LNG exports. The loss of Gulf supplies has intensified competition for spot cargoes, tightening availability for Europe and complicating efforts to replenish inventories. European gas storage facilities are currently around 74% full, below historical averages for this time of year. Storage replenishment could face further challenges from early-season cold weather, with updated forecasts pointing to a significant cold snap across northeastern Europe from next weekend that could boost heating demand. Meanwhile, the recovery in Norwegian pipeline supply provided some relief.
2026-10-15