Actual
65.81
Daily Change
-0.06 -0.09%
Monthly
12.82%
Yearly
93.70%
Q3 Forecast
67.58
EU Natural Gas - Summary

European natural gas prices held above €65 per MWh on Friday, the highest level since January 2023, as the stalemate in the US-Iran conflict muddied the outlook for Gulf LNG supplies. The two sides continued to clash over the Strait of Hormuz, with the conflict entering a new phase of economic pressure. Traders are concerned about Europe’s readiness for the upcoming winter as the maritime blockade has stranded Qatari LNG cargoes, forcing European utilities into more intense and costly competition with Asian buyers for available cargoes. Heatwave-driven demand for cooling is also limiting gas injections into storage. Europe's storage levels are at just 62%, the lowest seasonal level in records dating back to 2009, leaving the region with limited time to replenish inventories before the heating season begins. Despite this, the European Commission said that gas supplies in the bloc are not immediately at risk. Prices are up more than 6% this week.

EU Natural Gas - Stats

EU Gas fell to 65.84 EUR/MWh on August 24, 2026, down 0.04% from the previous day. Over the past month, EU Gas's price has risen 12.87%, and is up 93.79% 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 August 24 of 2026.

EU Natural Gas - Forecast

EU Gas fell to 65.84 EUR/MWh on August 24, 2026, down 0.04% from the previous day. Over the past month, EU Gas's price has risen 12.87%, and is up 93.79% 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 67.58 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 83.15 in 12 months time.



Price Day Month Year Date
Crude Oil 85.71 -1.353 -1.55% 3.75% 32.26% Aug/24
Brent 93.09 -1.298 -1.38% 5.36% 35.31% Aug/24
Natural gas 2.73 -0.0415 -1.50% -2.03% -2.69% Aug/24
Gasoline 3.30 -0.0485 -1.45% -0.84% 53.40% Aug/24
Heating Oil 4.43 -0.0672 -1.50% 7.69% 88.61% Aug/24
EU Gas 65.81 -0.06 -0.09% 12.82% 93.70% Aug/24
UK Gas 162.58 1.3500 0.84% 7.36% 94.29% Aug/21
Ethanol 2.12 0.0800 3.92% 10.42% 19.44% Aug/20
Naphtha 757.20 1.56 0.21% -7.12% 35.66% Aug/21
Propane 0.75 -0.02 -3.02% -0.11% 10.14% Aug/21
Uranium 88.85 0.3500 0.40% 3.62% 19.99% Aug/21
Methanol 2,922.00 79.00 2.78% 8.54% 27.38% Aug/21



Related Last Previous Unit Reference
Germany Natural Gas Imports 273358.80 300941.09 Terajoule Jul 2026
France Natural Gas Imports 124522.25 143947.76 Terajoule Jun 2026
Germany Natural Gas Stocks Inventory 124.31 123.85 TWh Aug 2026
France Natural Gas Stocks Inventory 81.41 80.79 TWh Aug 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
65.84 65.87 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Holds at Multi-Year Highs
European natural gas prices held above €65 per MWh on Friday, the highest level since January 2023, as the stalemate in the US-Iran conflict muddied the outlook for Gulf LNG supplies. The two sides continued to clash over the Strait of Hormuz, with the conflict entering a new phase of economic pressure. Traders are concerned about Europe’s readiness for the upcoming winter as the maritime blockade has stranded Qatari LNG cargoes, forcing European utilities into more intense and costly competition with Asian buyers for available cargoes. Heatwave-driven demand for cooling is also limiting gas injections into storage. Europe's storage levels are at just 62%, the lowest seasonal level in records dating back to 2009, leaving the region with limited time to replenish inventories before the heating season begins. Despite this, the European Commission said that gas supplies in the bloc are not immediately at risk. Prices are up more than 6% this week.
2026-08-21
European Gas Advances as Hormuz Remains Shut
European natural gas prices rose above €65 per MWh on Thursday, the highest since January 2023, as restrictions on shipping through the Strait of Hormuz continued to raise concerns over global LNG supplies. President Donald Trump vowed on Wednesday to impose “tremendous punishment” on countries that help or do business with Iran, ramping up economic pressure on Tehran to reopen the critical waterway. His threats came after he said there were no ongoing talks and that the naval blockade of Iran remained in force, while Tehran maintained that the waterway remained closed. The blockade has halted Qatari LNG deliveries, forcing European utilities to compete aggressively for available cargoes. Reduced LNG inflows, combined with heatwave-driven cooling demand, have slowed Europe’s seasonal gas storage injections. This has amplified concerns that Europe could enter the winter heating season with insufficient reserves, keeping upward pressure on gas prices.
2026-08-20
EU Gas Hits 21-week High
EU Gas increased to 64.55 EUR/MWh, the highest since March 2026. Over the past 4 weeks, Natural Gas EU gained 9.75%, and in the last 12 months, it increased 102.16%.
2026-08-19