Actual
69.13
Daily Change
-4.12 -5.62%
Monthly
0.99%
Yearly
114.27%
Q3 Forecast
80.10
EU Natural Gas - Summary

European natural gas prices fell toward €71 per megawatt-hour, their lowest level in three weeks, after reports that Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Japan’s Kyodo News reported that Tehran had proposed reopening the waterway within seven days, potentially providing a basis for diplomatic discussions at the UN General Assembly. President Donald Trump is due to address the assembly and may meet Iranian President Masoud Pezeshkian. Rising numbers of LNG tankers and crude carriers using alternative routes have also eased supply concerns, while LNG demand in Northeast Asia remains weak, particularly in China, Japan and Turkey. In Europe, warmer and drier weather is expected over the next two weeks. Gas storage stood at 69.94% full, up 0.31 percentage points day on day but 11.76 points below last year. Meanwhile, Norwegian gas exports remained constrained by maintenance, with bookings falling to 262.5 million cubic metres per day.

EU Natural Gas - Stats

EU Gas fell to 71.26 EUR/MWh on September 22, 2026, down 2.71% from the previous day. Over the past month, EU Gas's price has risen 4.10%, and is up 120.87% 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 September 22 of 2026.

EU Natural Gas - Forecast

EU Gas fell to 71.26 EUR/MWh on September 22, 2026, down 2.71% from the previous day. Over the past month, EU Gas's price has risen 4.10%, and is up 120.87% 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 80.10 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 100.54 in 12 months time.



Price Day Month Year Date
Crude Oil 89.62 -2.750 -2.98% 5.42% 41.33% Sep/22
Brent 97.94 -2.401 -2.39% 6.26% 44.82% Sep/22
Natural gas 2.84 0.0025 0.09% 0.12% -9.60% Sep/22
Gasoline 3.41 -0.0649 -1.87% 4.10% 69.73% Sep/22
Heating Oil 4.74 -0.1539 -3.15% 10.96% 103.42% Sep/22
EU Gas 69.13 -4.12 -5.62% 0.99% 114.27% Sep/22
UK Gas 171.52 -10.0814 -5.55% 1.39% 113.52% Sep/22
Ethanol 2.13 0.0300 1.43% 0.47% 12.70% Sep/21
Naphtha 817.25 -22.01 -2.62% 9.19% 45.85% Sep/21
Propane 0.84 0.001 0.13% 16.28% 18.47% Sep/21
Uranium 89.70 0 0% 1.64% 16.65% Sep/18
Methanol 3,505.00 17.00 0.49% 19.26% 55.64% Sep/22



Related Last Previous Unit Reference
Germany Natural Gas Imports 282681.20 271061.74 Terajoule Aug 2026
France Natural Gas Imports 114961.56 124522.25 Terajoule Jul 2026
Germany Natural Gas Stocks Inventory 140.67 139.96 TWh Sep 2026
France Natural Gas Stocks Inventory 99.48 98.72 TWh Sep 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
71.26 73.25 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
European Natural Gas Prices Fall to 3-Week Low
European natural gas prices fell toward €71 per megawatt-hour, their lowest level in three weeks, after reports that Iran could reopen the Strait of Hormuz if the US lifted its blockade of Iranian ports. Japan’s Kyodo News reported that Tehran had proposed reopening the waterway within seven days, potentially providing a basis for diplomatic discussions at the UN General Assembly. President Donald Trump is due to address the assembly and may meet Iranian President Masoud Pezeshkian. Rising numbers of LNG tankers and crude carriers using alternative routes have also eased supply concerns, while LNG demand in Northeast Asia remains weak, particularly in China, Japan and Turkey. In Europe, warmer and drier weather is expected over the next two weeks. Gas storage stood at 69.94% full, up 0.31 percentage points day on day but 11.76 points below last year. Meanwhile, Norwegian gas exports remained constrained by maintenance, with bookings falling to 262.5 million cubic metres per day.
2026-09-22
European Gas Prices Rise After Sharp Drop
European natural gas prices rose toward €74 per megawatt-hour on Tuesday, having slumped nearly 8% to a two-week low in the previous session on renewed diplomatic efforts to end the Middle East war and improving vessel flows. Investors are awaiting developments on potential talks between US President Trump and Iranian President Pezeshkian this week, as any progress toward resolving the conflict could reduce fears of prolonged disruptions to energy flows through the Strait of Hormuz. Meanwhile, reports of increasing numbers of LNG tankers and crude carriers finding alternative routes out of the Gulf have also helped ease supply concerns. Lower-than-expected volumes sought in Germany’s latest gas-storage tenders also added downward pressure on prices, although Germany’s historically low storage levels continue to highlight underlying supply risks ahead of the winter heating season.
2026-09-22
European Natural Gas Prices Slump 7%
European natural gas prices fell 7% to €74 per megawatt-hour, the lowest in two weeks, after details of Germany’s latest gas storage tenders indicated lower volumes than initially expected. Trading Hub Europe launched several tenders to secure sufficient gas availability for the first quarter of 2027, amid concerns over storage levels ahead of winter. Also, weather forecasts point to a late-summer heat spell next week, with temperatures across Northwest Europe expected to rise around 6°C above normal, potentially reducing gas demand. Additionally, President Donald Trump signaled that US-Iran diplomacy could resume, including the possibility of meeting Iran’s president during the UN General Assembly in New York. Progress toward ending the conflict could reduce concerns about potential disruptions to energy flows through the Strait of Hormuz, an important route for global LNG shipments.
2026-09-21