Actual
71.96
Daily Change
0.15 0.20%
Monthly
37.31%
Yearly
125.08%
Q3 Forecast
71.53
EU Natural Gas - Summary

European natural gas prices rose above €72 per MWh on Friday, recouping part of the previous session’s losses as investors assessed renewed tensions in the Middle East. The latest flare-up came after a US attack on Iran triggered retaliatory strikes on American bases across the region, fueling supply disruption fears and sending European gas prices to their highest level in more than three years. Although President Trump indicated that renewed strikes on Tehran would not last too long, tensions remain high around the Strait of Hormuz. The shipping paralysis continues to hamper Gulf LNG supplies to Europe, slowing the pace of inventory replenishment. Europe’s gas inventories for the upcoming winter remain abnormally low, raising the risk of tighter competition and leaving the region vulnerable to price spikes during colder months. European gas prices have climbed more than 7% this week, their fourth consecutive weekly gain.

EU Natural Gas - Stats

EU Gas rose to 72.73 EUR/MWh on September 4, 2026, up 1.28% from the previous day. Over the past month, EU Gas's price has risen 38.79%, and is up 127.51% 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 345.00 in March of 2022. EU Natural Gas - data, forecasts, historical chart - was last updated on September 5 of 2026.

EU Natural Gas - Forecast

EU Gas rose to 72.73 EUR/MWh on September 4, 2026, up 1.28% from the previous day. Over the past month, EU Gas's price has risen 38.79%, and is up 127.51% 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 71.53 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 88.57 in 12 months time.



Price Day Month Year Date
Crude Oil 91.48 0.180 0.20% 21.62% 47.86% Sep/04
Brent 96.28 0.760 0.80% 21.18% 46.99% Sep/04
Natural gas 2.98 0.0620 2.13% 10.68% -2.40% Sep/04
Gasoline 3.21 0.0797 2.54% 13.24% 63.46% Sep/04
Heating Oil 4.54 -0.0534 -1.16% 19.60% 98.52% Sep/04
EU Gas 71.96 0.15 0.20% 37.31% 125.08% Sep/04
UK Gas 178.81 0.8200 0.46% 39.65% 129.57% Sep/04
Ethanol 2.08 -0.0175 -0.83% 7.63% 6.12% Sep/04
Naphtha 788.59 5.61 0.72% 17.92% 42.69% Sep/04
Propane 0.80 -0.01 -0.69% 18.27% 14.63% Sep/04
Uranium 89.50 0 0% 3.71% 16.69% Sep/03
Methanol 3,293.00 28.00 0.86% 31.72% 45.71% Sep/04



Related Last Previous Unit Reference
Germany Natural Gas Imports 273358.80 300941.09 Terajoule Jul 2026
France Natural Gas Imports 114961.56 124522.25 Terajoule Jul 2026
Germany Natural Gas Stocks Inventory 132.63 132.32 TWh Sep 2026
France Natural Gas Stocks Inventory 89.84 89.33 TWh Sep 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
72.73 71.81 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Rises Amid Middle East Tensions
European natural gas prices rose above €72 per MWh on Friday, recouping part of the previous session’s losses as investors assessed renewed tensions in the Middle East. The latest flare-up came after a US attack on Iran triggered retaliatory strikes on American bases across the region, fueling supply disruption fears and sending European gas prices to their highest level in more than three years. Although President Trump indicated that renewed strikes on Tehran would not last too long, tensions remain high around the Strait of Hormuz. The shipping paralysis continues to hamper Gulf LNG supplies to Europe, slowing the pace of inventory replenishment. Europe’s gas inventories for the upcoming winter remain abnormally low, raising the risk of tighter competition and leaving the region vulnerable to price spikes during colder months. European gas prices have climbed more than 7% this week, their fourth consecutive weekly gain.
2026-09-04
European Gas Prices Decline
European natural gas prices fell to around €72 per MWh on Thursday after climbing to their highest level in more than three years in the previous session, as President Trump said the renewed campaign against Iran would not last long, easing some market concerns. However, Trump warned that Tehran could face heavy attacks if the dispute over the Strait of Hormuz remains unresolved. The latest escalation marked the most intense exchange of strikes between the two sides since July, with neither side willing to relinquish control of the strategic waterway. Around one-fifth of global LNG trade typically passes through the strait, primarily from Qatar. With the winter heating season approaching and European gas storage levels remaining below seasonal norms, the region remains highly sensitive to any prolonged disruption to Gulf supplies.
2026-09-03
European Gas Climbs to 2023 High on Supply Fears
European natural gas prices climbed further to around €74.5 per megawatt hour on Wednesday, after touching their highest intraday level since January 2023, as traders assessed the latest US-Iran attacks. Growing uncertainty over traffic through the Strait of Hormuz heightened supply concerns and weighed on sentiment. UK gas prices also surged as high as 184 pence per therm, reaching a 43-month high. The US said it had launched overnight airstrikes on targets in Iran, prompting retaliation from Tehran in the most serious escalation between the two countries in weeks. Iran’s Islamic Revolutionary Guard Corps warned that the US strikes would further restrict traffic through the Strait of Hormuz, a key energy route through which roughly a fifth of global LNG typically passes. Gas prices rose despite expectations of weaker demand, as strong wind power generation reduces the need for gas-fired electricity generation.
2026-09-02