Natural gas futures linked to TTF, Europe's wholesale gas price, consolidated near the €200-per-megawatt-hour mark, not far from an all-time high of €300 touched in March in the aftermath of Russia's invasion of Ukraine, as persistent concerns about tightening European supplies continued to hang over the market. Russia's Gazprom said it would further reduce flows through the Nord Stream pipeline, citing issues with turbines, delivering only 33 million cubic meters daily, roughly 20% of its capacity, jeopardizing the region's objectives to fill 80% of storage capacity before winter. The rise in natural gas prices brought together the EU members to sign an agreement to cut their gas use by 15% over the following months. Russia's natural gas weaponization also sparked a rush for supplies from other main buyers, including Japan and South Korea, which are moving through with plans to buy more LNG cargoes for the winter, fearing that Europe will similarly stockpile supplies at a faster pace.

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 of 2022.

EU Natural Gas is expected to trade at 218.17 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 299.43 in 12 months time.

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EU Natural Gas

Price Day Month Year
Crude Oil 91.37 0.605 0.67% -9.73% 33.79%
Brent 97.21 0.565 0.58% -6.21% 37.64%
Natural gas 7.79 0.1997 2.63% 23.26% 90.48%
Gasoline 2.93 0.0450 1.56% -11.45% 29.25%
Heating Oil 3.30 0.1243 3.91% -10.33% 58.80%
TTF Gas 189.44 -3.62 -1.88% 15.14% 324.22%
UK Gas 350.25 -4.8900 -1.38% 57.60% 213.98%
Ethanol 2.43 -0.0250 -1.02% -4.15% 10.98%
Naphtha 682.74 5.20 0.77% -14.49% 5.15%
Propane 1.07 -0.01 -0.53% -9.97% -1.42%
Uranium 48.70 0 0% 0.62% 53.63%
Methanol 2,526.00 0 0% 8.93% 3.23%

EU Natural Gas
Dutch TTF Gas is a leading European benchmark price. 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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
189.66 193.06 345.00 3.37 2010 - 2022 EUR/MWh Daily