European natural gas futures rose above €52/MWh on Friday, heading for their largest weekly gain since February 2022, amid concerns that a prolonged conflict in the Middle East could severely disrupt gas supplies. Prices have surged more than 50% this week, reaching their highest levels since early 2023. Early signs of gas supply problems in the region are emerging, with Moldova’s breakaway Transnistria region warning it could run out of gas within days. Analysts expect that European gas storage could end March at only 22–27% of capacity, significantly below the five-year average of around 41%. If less LNG arrive in the next four weeks, storage levels could decline further, increasing the risk of supply shortages. Meanwhile, the Trump administration said it is weighing several measures to address the surge in energy prices.

TTF Gas rose to 52.81 EUR/MWh on March 6, 2026, up 4.84% from the previous day. Over the past month, TTF Gas's price has risen 57.66%, and is up 36.22% 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 7 of 2026.

TTF Gas rose to 52.81 EUR/MWh on March 6, 2026, up 4.84% from the previous day. Over the past month, TTF Gas's price has risen 57.66%, and is up 36.22% 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.



Price Day Month Year Date
Crude Oil 91.27 10.260 12.67% 41.81% 36.14% Mar/06
Brent 92.87 7.460 8.73% 34.52% 31.99% Mar/06
Natural gas 3.18 0.1790 5.96% 1.40% -27.67% Mar/06
Gasoline 2.77 0.1327 5.04% 39.31% 31.28% Mar/06
Heating Oil 3.62 0.0043 0.12% 49.72% 63.80% Mar/06
TTF Gas 52.80 2.07 4.08% 57.63% 36.20% Mar/06
UK Gas 135.13 3.6300 2.76% 71.16% 36.01% Mar/06
Ethanol 1.91 0.0450 2.41% 15.76% 12.52% Mar/06
Naphtha 698.70 26.38 3.92% 27.01% 16.95% Mar/05
Propane 0.74 0.02 2.98% 13.64% -12.58% Mar/05
Uranium 85.95 -0.2000 -0.23% -0.35% 35.04% Mar/06
Methanol 2,573.00 106.00 4.30% 15.23% -2.91% Mar/06



Related Last Previous Unit Reference
Germany Natural Gas Imports 344793.60 388717.25 Terajoule Jan 2026
France Natural Gas Imports 131866.79 148363.05 Terajoule Dec 2025
Germany Natural Gas Stocks Inventory 52.17 52.32 TWh Mar 2026
France Natural Gas Stocks Inventory 27.18 27.21 TWh Mar 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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
52.81 50.37 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
TTF Prices on Track for Largest Weekly Gain in 4 Years
European natural gas futures rose above €52/MWh on Friday, heading for their largest weekly gain since February 2022, amid concerns that a prolonged conflict in the Middle East could severely disrupt gas supplies. Prices have surged more than 50% this week, reaching their highest levels since early 2023. Early signs of gas supply problems in the region are emerging, with Moldova’s breakaway Transnistria region warning it could run out of gas within days. Analysts expect that European gas storage could end March at only 22–27% of capacity, significantly below the five-year average of around 41%. If less LNG arrive in the next four weeks, storage levels could decline further, increasing the risk of supply shortages. Meanwhile, the Trump administration said it is weighing several measures to address the surge in energy prices.
2026-03-06
TTF Prices Volatile on Thursday
European natural gas futures swung between gains and losses at around €50/MWh on Thursday, after an 8% drop in the previous session, after Russian President Putin's threat to shut off gas supplies to Europe. Still, Russian gas flows to Europe have already fallen significantly in recent years and are expected to decline further due to the EU ban on its gas imports. Russia accounted for an estimated 13% of the EU’s imports in 2025. A potential halt heightens risks to Europe’s balance, amid supply disruptions caused by Middle East tensions, with the world’s largest LNG plant in Qatar remaining offline and the Strait of Hormuz closed. On Wednesday, prices dropped 8.3% on reports that Iran had reached out to the US to negotiate an end to the conflict, though Tehran later denied the claim. Meanwhile, President Trump said the US would ensure and escort vessels passing through the Strait, but key details remain unclear. These come as EU gas storage is tight, currently below 30% of capacity.
2026-03-05
EU Natural Gas Prices Bounce Back
European natural gas futures rose above €52/MWh on Thursday, moving back near a three-year high after Russian President Putin threatened to shut off gas supplies to Europe. Although Russian gas flows to Europe have already fallen significantly in recent years and are expected to decline further due to the EU ban on its gas imports, Russia remains a notable supplier, accounting for an estimated 13% of the EU’s imports in 2025. A potential halt heightens risks to Europe’s balance, amid supply disruptions caused by Middle East tensions, with the world’s largest LNG plant in Qatar remaining offline and the Strait of Hormuz closed. On Wednesday, prices dropped 8.3% on reports that Iran had reached out to the US to negotiate an end to the conflict, though Tehran later denied the claim. Meanwhile, President Trump said the US would insure and escort vessels passing through the Strait but key details remain unclear. These come as EU gas storage is tight, currently below 30% of capacity.
2026-03-05