European natural gas futures rose to €49 per megawatt hour, marking a gain of more than 6% so far this week amid a lack of diplomatic progress between the US and Iran. The flare-up in fighting and the mismatched statements have underscored uncertainty. Iran said that there had been “no tangible progress” in the talks, while President Trump stated that discussions are going “very well” and could produce outcomes this coming weekend. The rejection of a US-brokered ceasefire proposal by Iran-backed Hezbollah has further complicated efforts to de-escalate regional conflicts. As a deal remains elusive, markets are increasingly worried that energy flows from the Persian Gulf could remain disrupted for an extended period. This has fueled concerns that Europe could struggle to rebuild gas inventories ahead of winter, with only 38% of its storage capacity currently filled.

TTF Gas rose to 49.19 EUR/MWh on June 5, 2026, up 0.90% from the previous day. Over the past month, TTF Gas's price has risen 12.05%, and is up 34.68% 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 June 5 of 2026.

TTF Gas rose to 49.19 EUR/MWh on June 5, 2026, up 0.90% from the previous day. Over the past month, TTF Gas's price has risen 12.05%, and is up 34.68% 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 46.92 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 57.59 in 12 months time.



Price Day Month Year Date
Crude Oil 93.06 0.024 0.03% -2.12% 44.11% Jun/05
Brent 95.36 0.333 0.35% -5.83% 43.47% Jun/05
Natural gas 3.36 0.0252 0.76% 23.12% -11.17% Jun/05
Gasoline 3.06 0.0228 0.75% -11.51% 47.06% Jun/05
Heating Oil 3.68 0.0073 0.20% -2.76% 72.77% Jun/05
TTF Gas 49.25 0.50 1.02% 12.17% 34.83% Jun/05
UK Gas 117.93 0.0300 0.03% 2.53% 37.36% Jun/04
Ethanol 1.93 -0.0200 -1.03% -4.69% 15.40% Jun/04
Naphtha 713.46 -37.88 -5.04% -20.51% 34.01% Jun/04
Propane 0.82 -0.02 -2.52% -8.14% 11.09% Jun/04
Uranium 86.10 -0.1500 -0.17% -0.40% 20.59% Jun/03
Methanol 3,135.00 27.00 0.87% -3.54% 36.90% Jun/04



Related Last Previous Unit Reference
Germany Natural Gas Imports 338086.80 364747.59 Terajoule Apr 2026
France Natural Gas Imports 174521.82 170169.56 Terajoule Apr 2026
Germany Natural Gas Stocks Inventory 81.75 80.99 TWh Jun 2026
France Natural Gas Stocks Inventory 52.38 52.09 TWh Jun 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
49.19 48.75 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Prices Advance
European natural gas futures rose to €49 per megawatt hour, marking a gain of more than 6% so far this week amid a lack of diplomatic progress between the US and Iran. The flare-up in fighting and the mismatched statements have underscored uncertainty. Iran said that there had been “no tangible progress” in the talks, while President Trump stated that discussions are going “very well” and could produce outcomes this coming weekend. The rejection of a US-brokered ceasefire proposal by Iran-backed Hezbollah has further complicated efforts to de-escalate regional conflicts. As a deal remains elusive, markets are increasingly worried that energy flows from the Persian Gulf could remain disrupted for an extended period. This has fueled concerns that Europe could struggle to rebuild gas inventories ahead of winter, with only 38% of its storage capacity currently filled.
2026-06-04
TTF Prices Jump on Escalating Middle East Tensions
European natural gas futures rose more than 3% to above €49 per megawatt hour as tensions in the Middle East intensified and diplomatic negotiations remained stalled. The US military said that Iran fired several ballistic missiles toward regional neighbors but failed to hit their targets, as American and allied forces intercepted missiles aimed at Kuwait and Bahrain, while the US also struck an Iranian military ground control station on Qeshm Island in response. This comes amid continued Israeli attacks in Lebanon. Despite the escalation in hostilities and Iran's claims that negotiations were suspended, President Donald Trump has maintained that talks with Tehran are still ongoing. The lack of meaningful progress toward a resolution has fueled concerns that disruptions to energy flows from the Persian Gulf could persist, raising fears over Europe's ability to replenish gas inventories ahead of winter, with storage facilities currently only around 38% full.
2026-06-03
European Gas Prices Ease
European natural gas futures dropped to €47.7 per megawatt hour after rallying 6.7% in the previous session on fears of prolonged supply disruptions. Monday’s sharp gains were driven by renewed tensions after Iran suspended indirect talks with the US over Israel's escalating attacks in Lebanon and threatened to extend the blockade of the Strait of Hormuz to the Bab el-Mandeb Strait, another critical chokepoint at the southern entrance to the Red Sea. Meanwhile, President Donald Trump said that talks were still ongoing and that an agreement could be reached over the next week, easing some market concerns. The continued closure of the Strait has cut around one-fifth of global LNG flows, posing a challenge for importing regions as the disruption has tightened global supplies and increased competition for cargoes. This raised concerns about Europe’s ability to rebuild gas inventories ahead of winter, as it only has 38% of its storage capacity filled.
2026-06-02