European natural gas futures fell nearly 2% below €40 per MWh on Tuesday, giving back part of the previous session’s gains as traders looked ahead to a second round of peace talks between the US and Iran. Iran is reportedly preparing to send a delegation after previously signaling reluctance to participate. However, uncertainty persists as President Trump said he is unlikely to extend the two-week ceasefire, which is set to expire on Wednesday, and reiterated that the Strait of Hormuz would remain closed until a deal is reached. Traffic through the strait was halted again over the weekend as tensions escalated, with ships coming under fire and Iran warning that vessels attempting to pass through the waterway could be targeted. Several LNG tankers from Qatar were reported to have approached the strait in recent days but were either forced to turn back or remained idle. Since the war began in late February, no LNG exports have left the region, disrupting around 20% of global LNG supply.

TTF Gas fell to 39.38 EUR/MWh on April 21, 2026, down 2.25% from the previous day. Over the past month, TTF Gas's price has fallen 30.87%, but it is still 14.66% higher than a year ago, 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 April 21 of 2026.

TTF Gas fell to 39.38 EUR/MWh on April 21, 2026, down 2.25% from the previous day. Over the past month, TTF Gas's price has fallen 30.87%, but it is still 14.66% higher than a year ago, 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 40.53 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 48.19 in 12 months time.



Price Day Month Year Date
Crude Oil 86.61 -0.810 -0.93% -1.72% 36.03% Apr/21
Brent 94.97 -0.512 -0.54% -4.98% 40.82% Apr/21
Natural gas 2.66 -0.0302 -1.12% -8.03% -11.58% Apr/21
Gasoline 3.11 -0.0090 -0.29% 4.47% 46.80% Apr/21
Heating Oil 3.53 -0.0118 -0.33% -12.99% 62.82% Apr/21
TTF Gas 39.28 -1.01 -2.50% -31.05% 14.37% Apr/21
UK Gas 101.31 4.2000 4.33% -29.21% 21.49% Apr/20
Ethanol 1.90 0 0% -5.25% 6.76% Apr/20
Naphtha 894.79 20.36 2.33% 6.22% 64.03% Apr/20
Propane 0.79 0.004 0.54% 0.71% -5.82% Apr/20
Uranium 86.90 0.2500 0.29% 4.07% 33.18% Apr/20
Methanol 3,122.00 -51.00 -1.61% -5.77% 32.68% Apr/20



Related Last Previous Unit Reference
Germany Natural Gas Imports 361695.60 343579.34 Terajoule Mar 2026
France Natural Gas Imports 150573.90 139542.32 Terajoule Feb 2026
Germany Natural Gas Stocks Inventory 58.35 57.61 TWh Apr 2026
France Natural Gas Stocks Inventory 34.12 33.52 TWh Apr 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
39.38 40.29 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Prices Drop
European natural gas futures fell nearly 2% below €40 per MWh on Tuesday, giving back part of the previous session’s gains as traders looked ahead to a second round of peace talks between the US and Iran. Iran is reportedly preparing to send a delegation after previously signaling reluctance to participate. However, uncertainty persists as President Trump said he is unlikely to extend the two-week ceasefire, which is set to expire on Wednesday, and reiterated that the Strait of Hormuz would remain closed until a deal is reached. Traffic through the strait was halted again over the weekend as tensions escalated, with ships coming under fire and Iran warning that vessels attempting to pass through the waterway could be targeted. Several LNG tankers from Qatar were reported to have approached the strait in recent days but were either forced to turn back or remained idle. Since the war began in late February, no LNG exports have left the region, disrupting around 20% of global LNG supply.
2026-04-21
TTF Prices Surge as Hormuz Closes Again
European natural gas futures rose more than 4% to above €40 per MWh on Monday after surging as much as 11% in early Asian trading, reversing Friday’s losses as Iran once again shut the Strait of Hormuz in response to the ongoing US blockade of its ports. Tensions escalated further after the US fired on and disabled an Iranian-flagged cargo ship, prompting Tehran to launch drone attacks against some US military vessel and warn that ships attempting to pass the waterway would be attacked. Reports also suggested that Iran would not participate in a second round of peace talks, despite Trump’s threat of renewed airstrikes. The latest escalation came after Iran stated on Friday that the vital waterway had reopened. Several LNG tankers carrying Qatari fuel reportedly approached the strait in recent days but were forced to turn back or idled. Since the conflict began in late February, no LNG exports have left the region, disrupting roughly 20% of global LNG supply.
2026-04-20
TTF Prices Tumble 8%
European natural gas futures plunged more than 8% to below €39 per megawatt hour, the lowest since February 27, after Iran’s Foreign Minister Abbas Araghchi said the Strait of Hormuz is fully open to commercial vessels during the ceasefire. The announcement boosted hopes that one of the worst energy supply disruptions in recent history may be easing, supporting expectations of de-escalation. The comments followed earlier remarks from President Donald Trump, who said Iranian concessions could help secure a broader peace deal, while adding that a US naval blockade targeting Iran would remain in place until negotiations are fully concluded. The conflict had severely disrupted global LNG flows, with the near closure of Hormuz cutting around a fifth of supply and pushing Asian imports to multi-year lows, potentially easing competition for Europe. Prices were also pressured by warmer weather and stronger wind generation across parts of the region, reducing demand.
2026-04-17