Natural gas futures in Europe extended losses to below €24 per megawatt hour to kick off the June month, a fresh two-year low, and following a 30% drop in May. Abundant LNG supplies, reduced consumption, mild weather conditions, stronger renewable power generation and subdued demand from Asia have been helping to push prices down. Furthermore, the European economy is displaying signs of weakness, with Germany experiencing a recession in Q1 2023, while recent indicators for China also point to subdued recovery. Meanwhile, Norway’s Equinor has halted a gas leak at its Hammerfest LNG plant and normalisation is underway. Despite the current downward pressure, there is a possibility that abnormal heatwaves in Europe and Asia or drought conditions during the summer could lead to an increase in prices.

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 June of 2023.

EU Natural Gas is expected to trade at 26.52 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 33.64 in 12 months time.

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EU Natural Gas



Price Day Month Year
Crude Oil 71.74 1.640 2.34% 4.58% -38.28%
Brent 76.24 1.960 2.64% 5.41% -34.85%
Natural gas 2.18 0.0220 1.02% 0.46% -74.38%
Gasoline 2.50 0.0674 2.77% 7.82% -37.84%
Heating Oil 2.36 0.0422 1.82% 5.58% -43.27%
TTF Gas 23.69 0.59 2.54% -35.60% -71.49%
UK Gas 54.95 0.6800 1.25% -34.27% -63.53%
Ethanol 2.47 0.0150 0.61% 2.38% -11.39%
Naphtha 596.34 15.76 2.71% 4.97% -31.08%
Propane 0.59 0.02 2.87% -10.12% -53.04%
Uranium 54.60 1.0000 1.87% 1.68% 14.11%
Methanol 2,068.00 2.00 0.10% -10.55% -27.13%


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
23.69 23.10 345.00 3.37 2010 - 2023 EUR/MWh Daily