European natural gas prices fell to around €40.6 per MWh, nearing an over two-month low, as shipping activity through the Strait of Hormuz showed signs of normalization following progress in US-Iran peace talks. Several empty Qatari LNG carriers have entered the Gulf in recent days to reload, signaling a potential recovery in gas shipments. However, an attack on a cargo ship by an unidentified projectile while sailing southeast of Oman renewed concerns over the security of the vital route. Meanwhile, Qatar's Prime Minister indicated that LNG production is expected to return to normal within a few weeks, apart from the damaged facility. The prospect of resumed LNG flows from the Gulf eased fears of a supply crunch and could help Europe replenish inventories ahead of next winter. This also offset support from strong power-sector demand amid hot weather and low wind speeds across Europe.

EU Gas rose to 41.52 EUR/MWh on June 26, 2026, up 1.90% from the previous day. Over the past month, EU Gas's price has fallen 10.87%, but it is still 24.19% higher than a year ago, 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 June 27 of 2026.

EU Gas rose to 41.52 EUR/MWh on June 26, 2026, up 1.90% from the previous day. Over the past month, EU Gas's price has fallen 10.87%, but it is still 24.19% higher than a year ago, 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 42.37 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 52.83 in 12 months time.



Price Day Month Year Date
Crude Oil 69.23 -2.690 -3.74% -21.93% 5.66% Jun/26
Brent 71.99 -3.270 -4.34% -21.96% 7.77% Jun/26
Natural gas 3.28 -0.0160 -0.49% 5.95% -12.30% Jun/26
Gasoline 2.96 -0.0702 -2.32% -3.58% 42.12% Jun/26
Heating Oil 3.21 -0.0900 -2.73% -9.09% 39.05% Jun/26
EU Gas 41.09 0.34 0.83% -11.81% 22.89% Jun/26
UK Gas 97.80 1.3300 1.38% -12.87% 25.45% Jun/26
Ethanol 1.90 0.0300 1.60% -4.76% 13.10% Jun/26
Naphtha 682.06 -3.39 -0.49% -6.57% 21.97% Jun/26
Propane 0.72 0.02 2.75% -17.86% -6.26% Jun/25
Uranium 85.25 -0.2500 -0.29% -0.06% 7.84% Jun/26
Methanol 2,495.00 -6.00 -0.24% -16.89% 2.51% Jun/26



Related Last Previous Unit Reference
Germany Natural Gas Imports 315792.00 339402.11 Terajoule May 2026
France Natural Gas Imports 143947.76 174521.82 Terajoule May 2026
Germany Natural Gas Stocks Inventory 97.55 96.83 TWh Jun 2026
France Natural Gas Stocks Inventory 59.77 59.60 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
41.52 40.75 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Gas Near 2-Month Lows
European natural gas prices fell to around €40.6 per MWh, nearing an over two-month low, as shipping activity through the Strait of Hormuz showed signs of normalization following progress in US-Iran peace talks. Several empty Qatari LNG carriers have entered the Gulf in recent days to reload, signaling a potential recovery in gas shipments. However, an attack on a cargo ship by an unidentified projectile while sailing southeast of Oman renewed concerns over the security of the vital route. Meanwhile, Qatar's Prime Minister indicated that LNG production is expected to return to normal within a few weeks, apart from the damaged facility. The prospect of resumed LNG flows from the Gulf eased fears of a supply crunch and could help Europe replenish inventories ahead of next winter. This also offset support from strong power-sector demand amid hot weather and low wind speeds across Europe.
2026-06-25
European Gas Prices Decline
European natural gas prices fell to around €41.6 per MWh as progress in US-Iran talks eased supply risks. The US on Monday authorized Iranian oil sales under a temporary 60-day licence following productive talks in Switzerland over the weekend. Shipping activity through the Strait of Hormuz also began increasing, with more tankers openly transiting the waterway. Meanwhile, conflicting signals emerged after Iranian media denied US claims that Tehran had agreed to readmit IAEA inspectors or had accepted sanctions relief in exchange for reopening the strait and allowing renewed nuclear inspections. For Europe, concerns persisted over its ability to replenish gas inventories before next winter. European storage facilities are currently around 46.4% full, below the five-year average of more than 50% for this time of year. This left the market vulnerable, particularly as forecasts of hotter weather across Europe were expected to increase demand.
2026-06-23
European Gas Pares Early Gains
European natural gas prices climbed to as high as €43.4 per MWh before trimming gains to around €42.5, amid signs of progress in US–Iran talks. The two countries agreed on Monday to establish communication channels to keep the Strait of Hormuz open and end hostilities in Lebanon. The latest developments came after talks got off to a tense start after Iranian media reported that Tehran had suspended discussions following Trump's latest warning over Iran's support for Hezbollah. Still, investors remain concerned about Europe’s ability to replenish gas inventories ahead of winter. EU gas storage facilities are currently 45.56% full, compared with 54.38% at the same time last year and about 14% below the five-year average, while net injections in June continue to lag seasonal norms. This comes as high temperatures are expected across Europe, which is likely to boost cooling demand.
2026-06-22