European natural gas futures rebounded above €31 per megawatt hour as markets focused on geopolitical risks around the Strait of Hormuz, a key transit route for about 20% of global LNG. Comments from Donald Trump that Iran is rebuilding its nuclear program fueled concerns about potential military action and possible disruptions to tanker traffic through the waterway. Low storage levels also offered support, with EU inventories below 31% compared with 40.7% a year ago, including Germany at 20.7% and France at 21.1%. However, wind and solar output in north-west Europe is set to rise, reducing gas demand from power plants. LNG send out is strong with heavy cargo arrivals into March.

TTF Gas fell to 30.74 EUR/MWh on February 26, 2026, down 0.53% from the previous day. Over the past month, TTF Gas's price has fallen 18.00%, and is down 32.04% 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 February 26 of 2026.

TTF Gas fell to 30.74 EUR/MWh on February 26, 2026, down 0.53% from the previous day. Over the past month, TTF Gas's price has fallen 18.00%, and is down 32.04% 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 32.09 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 37.04 in 12 months time.



Price Day Month Year Date
Crude Oil 65.59 0.168 0.26% 5.13% -6.77% Feb/26
Brent 71.13 0.276 0.39% 5.26% -3.32% Feb/26
Natural gas 2.81 -0.0601 -2.10% -26.49% -28.62% Feb/26
Gasoline 2.00 0.0062 0.31% 7.14% -10.86% Feb/26
Heating Oil 2.68 0.0017 0.06% 1.11% 11.68% Feb/26
TTF Gas 30.71 -0.19 -0.63% -18.08% -32.10% Feb/26
UK Gas 74.24 -0.6954 -0.93% -19.23% -30.85% Feb/26
Ethanol 1.79 0.0550 3.17% 8.16% 1.70% Feb/25
Naphtha 570.36 8.78 1.56% 7.83% -12.78% Feb/25
Propane 0.66 0.02 3.48% 0.13% -28.83% Feb/25
Uranium 88.20 -0.7500 -0.84% -1.18% 34.66% Feb/25
Methanol 2,216.00 -32.00 -1.42% -3.74% -13.84% Feb/25



Related Last Previous Unit Reference
Germany Natural Gas Imports 344793.60 388717.25 Terajoule Jan 2026
France Natural Gas Imports 131866.79 148363.05 Terajoule Dec 2025
Germany Natural Gas Stocks Inventory 51.53 51.91 TWh Feb 2026
France Natural Gas Stocks Inventory 26.36 26.50 TWh Feb 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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
30.74 30.90 345.00 3.37 2010 - 2026 EUR/MWh Daily

News Stream
TTF Prices Rise on Wednesday
European natural gas futures rebounded above €31 per megawatt hour as markets focused on geopolitical risks around the Strait of Hormuz, a key transit route for about 20% of global LNG. Comments from Donald Trump that Iran is rebuilding its nuclear program fueled concerns about potential military action and possible disruptions to tanker traffic through the waterway. Low storage levels also offered support, with EU inventories below 31% compared with 40.7% a year ago, including Germany at 20.7% and France at 21.1%. However, wind and solar output in north-west Europe is set to rise, reducing gas demand from power plants. LNG send out is strong with heavy cargo arrivals into March.
2026-02-25
TTF Prices Fall on LNG, Renewables
European natural gas futures fell below €31 per megawatt hour, pressured by robust LNG supply and rising renewable generation that reduced demand for gas fired power. Wind and solar output in north-west Europe is expected to increase through the weekend, lowering consumption from utilities. LNG send out remains strong at over 2,500 gigawatt hours per day, with a heavy cargo arrival schedule extending into March. Although Norwegian exports were hit by outages, flows are seen recovering by early March, reinforcing supply. Still, downside may be limited by geopolitical risks and low storage levels. EU gas stocks stand below 31% versus 40.7% a year ago, with Germany at 20.7% and France at 21.1%. Investors also monitor comments from Donald Trump on Iran, as tensions around the Strait of Hormuz could threaten LNG flows.
2026-02-24
TTF Prices Fall 5% as Trump Mulls Limited Iran Strike
European natural gas futures fell to below $32 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