German Gas rose to 45.59 EUR/MWh on April 23, 2026, up 1.70% from the previous day. Over the past month, German Gas's price has fallen 17.25%, but it is still 32.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity.

Historically, Germany Natural Gas THE reached an all time high of 62.55 in March of 2026. This page includes a chart with historical data for Germany Natural Gas THE. Germany Natural Gas THE - data, forecasts, historical chart - was last updated on April 24 of 2026.

Germany Natural Gas THE is expected to trade at 43.24 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 50.79 in 12 months time.



Price Day Month Year Date
UK Gas 112.64 1.7501 1.58% -15.35% 43.36% Apr/24
Ethanol 1.92 0 0% -4.00% 6.82% Apr/23
Naphtha 921.45 18.84 2.09% 9.38% 68.44% Apr/22
Propane 0.81 0.01 1.52% 2.16% -4.08% Apr/23
Uranium 87.15 0.2500 0.29% 3.87% 31.75% Apr/23
Methanol 3,097.00 6.00 0.19% 0.03% 30.40% Apr/23
German Gas 45.59 0.76 1.70% -17.25% 32.29% Apr/23
Urals Oil 104.08 5.24 5.30% 3.84% 75.25% Apr/22


Germany Natural Gas THE
The Trading Hub Europe (THE) index is an index reflecting the price of natural gas at the German virtual trading point, serving as a reference for the country. The index is compiled by the European Energy Exchange (EEX) based on prices of traded contracts and their volumes. 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
45.59 44.83 62.55 28.16 2024 - 2026 EUR/MWh daily

News Stream
Germany Natural Gas Futures Soar on LNG Disruptions
German natural gas futures jumped to around €45/MWh, tracking the broader European benchmark, after Qatar halted LNG production at its Ras Laffan complex following an Iranian drone attack. The facility accounts for roughly 20% of global LNG supply, and the suspension has intensified concerns over energy security. Shipments from the Middle East were already constrained as tankers avoided the Strait of Hormuz, a key transit route. Although Asia is the main buyer of Qatari LNG, any prolonged disruption is likely to heighten global competition for cargoes and push prices higher in Europe. EU gas storage is only about 30% full, with German inventories below 21%, leaving the region vulnerable as it prepares to restock for winter. QatarEnergy has declared force majeure, while additional regional tensions, including Israeli field closures, have added to supply uncertainty and market volatility.
2026-03-03
Germany Natural Gas Futures Fall on Friday
German natural gas futures fell more than 4% toward €33 per megawatt-hour, as comments from Donald Trump about a possible limited strike on Iran eased fears of major disruption to LNG flows through the Strait of Hormuz. Markets had been concerned that escalating tensions could threaten shipments via the strait, a key route for roughly 20% of global LNG exports, including volumes from Qatar. Despite reports of military drills by Iran and a US buildup in the region, traders appeared to price in a lower risk of immediate supply interruption. Additional pressure came from milder weather forecasts, steady Norwegian flows despite outages and stronger renewable generation in Germany. However, inventories in the European Union remain low at around 32%, with German storage below 22%.
2026-02-20
Germany Natural Gas Futures Rebound from 5-Week Low
German natural gas futures rose above €33 per megawatt-hour, rebounding from a five-week low of €29.82 on Feb 17, as fears grow that escalating tensions between United States and Iran could disrupt LNG flows through key Middle East routes. Markets are focused on shipments via the Strait of Hormuz, a route for about 20% of global LNG, including exports from Qatar, the second largest exporter. A report from Axios said US military action against Iran could come sooner than expected, with Israel pushing for regime change, raising risks to regional supply. Tight EU inventories add support, with European Union storage near 32.5%, the lowest since 2022, and Germany below 23%. Still, warmer weather, steady flows despite outages in Norway and stronger renewables in Germany are easing pressure.
2026-02-19