European natural gas prices climbed to €49.8 per MWh on Thursday, the highest level in a month, following a 5.1% increase in the previous session as renewed US and Iran tensions raised concerns over potential disruptions to LNG supplies from the Persian Gulf. The latest escalation came after US forces launched further strikes on Iran, prompting Tehran to respond with missile and drone attacks on American bases across the region. The conflict intensified after Iranian actions against vessels in the Strait of Hormuz, leading Washington to restore sanctions on Iranian oil exports. Markets are increasingly focused on the risk of reduced energy flows through the strategic waterway, which handles around one fifth of global oil and LNG trade. Any prolonged disruption could complicate Europe’s efforts to rebuild gas inventories ahead of the winter demand season, increasing pressure on prices.

EU Gas rose to 50 EUR/MWh on July 9, 2026, up 1.63% from the previous day. Over the past month, EU Gas's price has risen 0.01%, and is up 42.16% 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 9 of 2026.

EU Gas rose to 50 EUR/MWh on July 9, 2026, up 1.63% from the previous day. Over the past month, EU Gas's price has risen 0.01%, and is up 42.16% 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 50.96 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 60.53 in 12 months time.



Price Day Month Year Date
Crude Oil 73.88 0.360 0.49% -17.94% 10.98% Jul/09
Brent 78.54 0.522 0.67% -15.64% 14.43% Jul/09
Natural gas 3.20 -0.0157 -0.49% 0.35% -4.22% Jul/09
Gasoline 3.12 0.0204 0.66% 0.45% 44.92% Jul/09
Heating Oil 3.60 -0.0595 -1.63% -0.40% 50.95% Jul/09
EU Gas 49.91 0.72 1.46% -0.16% 41.92% Jul/09
UK Gas 119.77 3.0703 2.63% -0.46% 42.25% Jul/09
Ethanol 1.93 0 0% 1.05% 11.24% Jul/08
Naphtha 661.51 37.06 5.94% -9.13% 18.44% Jul/08
Propane 0.76 0.04 5.90% -3.87% 1.27% Jul/08
Uranium 85.55 -0.1500 -0.18% 0.29% 16.71% Jul/08
Methanol 2,470.00 29.00 1.19% -23.36% 2.66% Jul/09



Related Last Previous Unit Reference
Germany Natural Gas Imports 315792.00 339402.11 Terajoule May 2026
France Natural Gas Imports 143947.76 174521.82 Terajoule May 2026
Germany Natural Gas Stocks Inventory 106.90 106.36 TWh Jul 2026
France Natural Gas Stocks Inventory 62.69 62.45 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
50.00 49.20 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
EU Gas Prices Rise to 1-Month High
European natural gas prices climbed to €49.8 per MWh on Thursday, the highest level in a month, following a 5.1% increase in the previous session as renewed US and Iran tensions raised concerns over potential disruptions to LNG supplies from the Persian Gulf. The latest escalation came after US forces launched further strikes on Iran, prompting Tehran to respond with missile and drone attacks on American bases across the region. The conflict intensified after Iranian actions against vessels in the Strait of Hormuz, leading Washington to restore sanctions on Iranian oil exports. Markets are increasingly focused on the risk of reduced energy flows through the strategic waterway, which handles around one fifth of global oil and LNG trade. Any prolonged disruption could complicate Europe’s efforts to rebuild gas inventories ahead of the winter demand season, increasing pressure on prices.
2026-07-09
EU Gas Hits 4-week High
EU Gas increased to 49.78 EUR/MWh, the highest since June 2026. Over the past 4 weeks, Natural Gas EU lost 0.83%, and in the last 12 months, it increased 40.96%.
2026-07-09
European Gas Remains Near 1-Month High
European natural gas prices fell below €49 per MWh on Thursday but remained near a one-month high, as the latest escalation in US-Iran tensions heightened concerns over fresh disruptions to LNG supplies from the Persian Gulf. US forces carried out additional strikes on Iran on Wednesday night, shortly after President Trump declared the end of the eight-week ceasefire. In response, Tehran launched a large-scale wave of missile and drone strikes against American bases in Kuwait, Qatar, and Bahrain. The flare-up in tensions followed Iranian attacks on vessels in the Strait of Hormuz, which prompted the US to reimpose sanctions on Iranian oil sales. Any renewed disruption to energy flows through the strait, a key transit route for roughly one-fifth of global oil and LNG trade, could make it more difficult for Europe to replenish gas storage facilities to adequate levels ahead of the heating season.
2026-07-09