European natural gas prices dropped 6% to around €59.3 per MWh on Monday, pulling back from a four-month high as the pause in US-Iran hostilities reduced concerns over deeper supply disruptions. The US halted further attacks on Iran since Friday after 13 consecutive nights of strikes, prompting Tehran to suspend its retaliatory operations. The pause came as Iranian and Omani officials held talks on shipping through the Strait of Hormuz. However, concerns over Europe’s gas supply security ahead of winter remain, as the near-closure of the Strait curtailed LNG flows from the Persian Gulf, intensifying competition with Asian buyers. Hot weather across the region has also boosted electricity demand. European gas storage facilities were currently 54.2% full, well below the 65% level recorded a year earlier, and Equinor, the bloc’s largest gas supplier, warned last week that Europe is unlikely to reach its target of 80% storage capacity before the start of winter.

EU Gas fell to 58.58 EUR/MWh on July 27, 2026, down 7.21% from the previous day. Over the past month, EU Gas's price has risen 36.81%, and is up 74.92% 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 July 27 of 2026.

EU Gas fell to 58.58 EUR/MWh on July 27, 2026, down 7.21% from the previous day. Over the past month, EU Gas's price has risen 36.81%, and is up 74.92% 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 65.88 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 79.23 in 12 months time.



Price Day Month Year Date
Crude Oil 83.68 -6.788 -7.50% 18.28% 25.44% Jul/27
Brent 90.29 -8.091 -8.22% 22.16% 30.25% Jul/27
Natural gas 2.78 -0.1013 -3.51% -12.58% -9.30% Jul/27
Gasoline 3.32 -0.0991 -2.90% 14.41% 54.63% Jul/27
Heating Oil 4.16 -0.0684 -1.62% 30.44% 72.95% Jul/27
EU Gas 58.64 -4.50 -7.13% 36.94% 75.08% Jul/27
UK Gas 141.56 -10.9936 -7.21% 38.02% 72.15% Jul/27
Ethanol 1.95 0.0100 0.52% 4.01% 9.89% Jul/24
Naphtha 810.35 -23.28 -2.79% 18.22% 47.38% Jul/24
Propane 0.72 -0.03 -4.05% -0.97% 0.13% Jul/27
Uranium 86.05 0.2000 0.23% 0.64% 20.10% Jul/24
Methanol 2,565.00 -167.00 -6.11% 2.23% 8.92% Jul/27



Related Last Previous Unit Reference
Germany Natural Gas Imports 302324.40 316109.83 Terajoule Jun 2026
France Natural Gas Imports 124522.25 143947.76 Terajoule Jun 2026
Germany Natural Gas Stocks Inventory 113.33 112.88 TWh Jul 2026
France Natural Gas Stocks Inventory 67.20 66.87 TWh Jul 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
58.58 63.14 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
EU Gas Prices Slide as US and Iran Pause Strikes
European natural gas prices dropped 6% to around €59.3 per MWh on Monday, pulling back from a four-month high as the pause in US-Iran hostilities reduced concerns over deeper supply disruptions. The US halted further attacks on Iran since Friday after 13 consecutive nights of strikes, prompting Tehran to suspend its retaliatory operations. The pause came as Iranian and Omani officials held talks on shipping through the Strait of Hormuz. However, concerns over Europe’s gas supply security ahead of winter remain, as the near-closure of the Strait curtailed LNG flows from the Persian Gulf, intensifying competition with Asian buyers. Hot weather across the region has also boosted electricity demand. European gas storage facilities were currently 54.2% full, well below the 65% level recorded a year earlier, and Equinor, the bloc’s largest gas supplier, warned last week that Europe is unlikely to reach its target of 80% storage capacity before the start of winter.
2026-07-27
EU Gas Hits 18-week High
EU Gas increased to 64.02 EUR/MWh, the highest since March 2026. Over the past 4 weeks, Natural Gas EU gained 56.97%, and in the last 12 months, it increased 93.8%.
2026-07-24
EU Natural Gas Prices Rise to 3-1/2-Year High
European natural gas prices climbed to near €63 per MWh on Friday, reaching their highest level since January 2023, as escalating tensions between the US and Iran raised fresh concerns over Europe's LNG supply security. The US carried out its 13th consecutive night of strikes on Iran, while President Donald Trump warned Tehran and its Houthi allies in Yemen of "major military punishment" if further attacks on vessels in the Red Sea take place. European gas prices have surged more than 10% this week and over 45% since the start of July, as reduced LNG flows from the Persian Gulf intensified competition with Asian buyers for available cargoes. At the same time, unusually hot weather across Europe has lifted electricity demand for cooling, increasing gas consumption. Equinor, Europe's largest gas supplier, warned that the region is unlikely to reach its 80% storage target before the heating season, leaving markets more exposed to price volatility.
2026-07-24