European natural gas futures extended their gains, climbing to €47 per MWh as the US and Iran failed to reach agreement on a US-drafted peace proposal, leaving the Strait of Hormuz largely closed. President Donald Trump rejected Iran’s response to the proposal, calling it “totally unacceptable” and accusing Tehran of playing games. This was after reports that Iran had proposed transferring part of its stockpile of highly enriched uranium to a third country and refused to dismantle its nuclear facilities. Trump expressed skepticism about diplomatic progress, saying he is “highly unlikely” to extend their ceasefire. The near-closure of the strait has choked off around one-fifth of global LNG supply, with the route currently blocked by both sides. While most Middle East supply goes to Asia, the disruption has tightened global supply and intensified competition for cargoes. The situation is critical for Europe, which needs to refill storage ahead of next winter.

TTF Gas rose to 46.83 EUR/MWh on May 13, 2026, up 0.31% from the previous day. Over the past month, TTF Gas's price has risen 9.03%, and is up 34.69% 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 May 13 of 2026.

TTF Gas rose to 46.83 EUR/MWh on May 13, 2026, up 0.31% from the previous day. Over the past month, TTF Gas's price has risen 9.03%, and is up 34.69% 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 45.61 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 55.21 in 12 months time.



Price Day Month Year Date
Crude Oil 101.64 -0.544 -0.53% 11.35% 60.94% May/13
Brent 107.12 -0.648 -0.60% 13.01% 62.09% May/13
Natural gas 2.83 -0.0176 -0.62% 8.71% -19.09% May/13
Gasoline 3.67 -0.0262 -0.71% 20.79% 71.53% May/13
Heating Oil 4.11 -0.0501 -1.20% 13.37% 89.35% May/13
TTF Gas 46.76 0.07 0.16% 8.86% 34.48% May/13
UK Gas 114.80 1.3700 1.21% -1.70% 35.32% May/12
Ethanol 1.97 0.0350 1.81% 1.42% 15.25% May/12
Naphtha 898.84 25.61 2.93% -3.58% 60.82% May/12
Propane 0.89 0.02 2.05% 13.77% 17.53% May/12
Uranium 86.30 0.1500 0.17% 1.05% 20.53% May/12
Methanol 3,099.00 -6.00 -0.19% -2.39% 30.21% May/12



Related Last Previous Unit Reference
Germany Natural Gas Imports 364747.59 343579.34 Terajoule Mar 2026
France Natural Gas Imports 170169.56 150573.90 Terajoule Mar 2026
Germany Natural Gas Stocks Inventory 69.14 68.36 TWh May 2026
France Natural Gas Stocks Inventory 44.84 44.36 TWh May 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
46.83 46.68 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
TTF Prices Extend Gains
European natural gas futures extended their gains, climbing to €47 per MWh as the US and Iran failed to reach agreement on a US-drafted peace proposal, leaving the Strait of Hormuz largely closed. President Donald Trump rejected Iran’s response to the proposal, calling it “totally unacceptable” and accusing Tehran of playing games. This was after reports that Iran had proposed transferring part of its stockpile of highly enriched uranium to a third country and refused to dismantle its nuclear facilities. Trump expressed skepticism about diplomatic progress, saying he is “highly unlikely” to extend their ceasefire. The near-closure of the strait has choked off around one-fifth of global LNG supply, with the route currently blocked by both sides. While most Middle East supply goes to Asia, the disruption has tightened global supply and intensified competition for cargoes. The situation is critical for Europe, which needs to refill storage ahead of next winter.
2026-05-11
TTF Prices Rise on Renewed US-Iran Tensions
European natural gas futures rose above €44 per MWh on Friday, rebounding after three straight sessions of losses, as renewed fighting between the US and Iran raised uncertainty over the prospects for a peace deal. The US said its forces struck Iranian military facilities on Thursday in response to attacks on guided-missile destroyers transiting the Strait of Hormuz. Meanwhile, markets found some relief after President Donald Trump said the ceasefire remains in place despite the strikes, while Iranian TV reported that the situation returned to normal. The latest clashes came as Washington seeks to de-escalate tensions while awaiting Iran’s response to a proposal to reopen the key waterway. The near-closure of the strait has choked off around one-fifth of global LNG supply, with the route currently blocked by both sides. While most Middle East supply goes to Asia, the disruption has tightened global supply, fueling concerns in Europe as it works to refill storage ahead of next winter.
2026-05-08
TTF Prices Continue to Fall, US-Iran Deal in Focus
European natural gas futures fell below €44 per MWh on Thursday, extending losses from the previous session, as markets weighed prospects of a US-Iran deal that could lead to the gradual reopening of the Strait of Hormuz. Washington and Tehran are reportedly moving closer to an agreement on a one page of memorandum to end their conflict, with Iran expected to respond in the coming days. The latest US proposal came after President Trump briefly suspended an initiative to provide safe passage for vessels through the strait. The effective closure of the vital waterway has choked off around one-fifth of global LNG supply, with the route currently facing a dual blockade from both sides. While most gas from the Persian Gulf are directed toward Asia, the disruption has tightened global supply, raising concerns in Europe as the region needs to replenish inventories before next winter.
2026-05-07