Actual
85.59
Daily Change
-5.09 -5.61%
Monthly
9.62%
Yearly
174.32%
Q4 Forecast
88.76
EU Natural Gas - Summary

European natural gas prices fell 5% to around €86/MWh on Friday, their lowest level in two weeks, extending weekly losses to around 15% amid growing hopes of a diplomatic resolution to the Middle East conflict. Sentiment improved after Qatar’s Emir discussed de-escalation efforts with US President Donald Trump, reinforcing optimism following the Democrats’ gains in the US midterm elections. However, prices remain well above their pre-war levels, as the disruption of Middle Eastern LNG exports, which previously accounted for around a fifth of global supply, leaves Europe facing a tight market ahead of winter. EU gas storage has fallen to 74%, well below the five-year seasonal average of 90%, while Germany’s inventories are below 61%. Colder temperatures and weaker wind and solar generation have increased withdrawals, while Norwegian pipeline supplies remain constrained by outages. Competition for LNG is also expected to intensify as Asian buyers increase spot purchases.

EU Natural Gas - Stats

EU Gas fell to 85.59 EUR/MWh on November 6, 2026, down 5.61% from the previous day. Over the past month, EU Gas's price has risen 9.62%, and is up 174.32% 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 November 8 of 2026.

EU Natural Gas - Forecast

EU Gas fell to 85.59 EUR/MWh on November 6, 2026, down 5.61% from the previous day. Over the past month, EU Gas's price has risen 9.62%, and is up 174.32% 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 88.76 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 108.75 in 12 months time.



Price Day Month Year Date
Crude Oil 90.83 0.310 0.34% 2.89% 52.02% Nov/06
Brent 98.32 0.030 0.03% -1.88% 54.52% Nov/06
Natural gas 3.00 0.0510 1.73% -6.40% -30.52% Nov/06
Gasoline 2.78 0.0133 0.48% -14.15% 42.90% Nov/06
Heating Oil 4.33 -0.0202 -0.46% -6.30% 74.52% Nov/06
EU Gas 85.59 -5.09 -5.61% 9.62% 174.32% Nov/06
UK Gas 212.25 -12.6700 -5.63% 9.62% 161.55% Nov/06
Ethanol 1.79 0.0100 0.56% -12.04% 5.60% Nov/05
Naphtha 818.01 13.14 1.63% -1.95% 51.52% Nov/06
Propane 1.10 0 0% 18.08% 74.79% Nov/06
Uranium 91.85 -0.1000 -0.11% 2.23% 18.59% Nov/06
Methanol 3,503.00 -69.00 -1.93% -14.60% 66.97% Nov/06



Related Last Previous Unit Reference
Germany Natural Gas Imports 256626.00 262801.03 Terajoule Sep 2026
France Natural Gas Imports 149780.31 148315.54 Terajoule Sep 2026
Germany Natural Gas Stocks Inventory 148.35 149.03 TWh Nov 2026
France Natural Gas Stocks Inventory 102.99 104.11 TWh Nov 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
85.59 90.68 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Natural Gas Prices Fall to 2-Week Low
European natural gas prices fell 5% to around €86/MWh on Friday, their lowest level in two weeks, extending weekly losses to around 15% amid growing hopes of a diplomatic resolution to the Middle East conflict. Sentiment improved after Qatar’s Emir discussed de-escalation efforts with US President Donald Trump, reinforcing optimism following the Democrats’ gains in the US midterm elections. However, prices remain well above their pre-war levels, as the disruption of Middle Eastern LNG exports, which previously accounted for around a fifth of global supply, leaves Europe facing a tight market ahead of winter. EU gas storage has fallen to 74%, well below the five-year seasonal average of 90%, while Germany’s inventories are below 61%. Colder temperatures and weaker wind and solar generation have increased withdrawals, while Norwegian pipeline supplies remain constrained by outages. Competition for LNG is also expected to intensify as Asian buyers increase spot purchases.
2026-11-06
European Natural Gas Prices Fall to 2-Week Low
European natural gas prices fell below €88/MWh on Friday, erasing earlier gains and returning to a two-week low amid hopes of a diplomatic resolution to the US-Iran war. However, an immediate deal remains uncertain, with key disagreements between the two sides still unresolved. Continued attacks on vessels transiting the Strait of Hormuz have also heightened concerns over Gulf LNG shipments, with the conflict disrupting nearly a fifth of global LNG supply. Europe’s energy balance remains tight ahead of winter, with EU gas storage at around 74%, well below the five-year seasonal average of 90%, while Germany’s reserves have fallen below 61%. Colder weather, coupled with low wind and solar generation, has prompted early withdrawals from storage, while reduced Norwegian pipeline flows due to outages have added to supply concerns. Prices are on track to drop by more than 15% this week, their first weekly decline in six weeks.
2026-11-06
European Natural Gas Prices Rebound from 2-Week Low
European natural gas prices rebounded to around €90/MWh from a two-week low of €88 on November 4, as persistent supply constraints continued to underpin the market. Despite the recent decline from record levels above €100/MWh, Europe’s energy balance remains fragile, with LNG deliveries from the Persian Gulf still disrupted by the Iran conflict. Tehran reported that a tanker had struck a mine in the Strait of Hormuz, while discussions with Oman are underway to restore shipping traffic. The conflict removed nearly a fifth of global LNG exports, leaving European inventories unusually low ahead of winter and intensifying competition with Asian buyers. EU storage levels have fallen to 74%, compared with a five-year seasonal average of 90%, while Germany’s reserves are below 61%. Colder temperatures and weaker wind and solar generation have increased withdrawals. Also, Norwegian pipeline supplies remain below capacity due to outages.
2026-11-05