TTF Gas fell to 36.52 EUR/MWh on June 6, 2025, down 0.34% from the previous day. Over the past month, TTF Gas's price has risen 6.64%, and is up 9.97% 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 TTF - values, historical data, forecasts and news - updated on June of 2025.

The average monthly price for natural gas in the United States amounted to 4.13 nominal U.S. dollars per million British thermal units (Btu) in March 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over 70 U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than 60 percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDM) from Jan 1990 to Apr 2025 about EU, gas, World, Europe, and price.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDQ) from Q1 1990 to Q1 2025 about EU, gas, World, Europe, and price.

Get the latest insights on price movement and trend analysis of Natural Gas in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

European Union Natural Gas Price: HC: 200 GJ & Above: incl All Taxes & Levies: EU excl UK data was reported at 0.108 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.100 EUR/kWh for Jun 2024. European Union Natural Gas Price: HC: 200 GJ & Above: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.062 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.113 EUR/kWh in Dec 2022 and a record low of 0.052 EUR/kWh in Dec 2007. European Union Natural Gas Price: HC: 200 GJ & Above: incl All Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P003: Eurostat: Natural Gas Price: Household Consumers.

Natural gas prices (Europe) in , April, 2025 For that commodity indicator, we provide data from January 1960 to April 2025. The average value during that period was 4.83 USD per million British thermal units with a minimum of 0.38 USD per million British thermal units in January 1964 and a maximum of 70.04 USD per million British thermal units in August 2022. | TheGlobalEconomy.com

Natural gas fell to 3.62 USD/MMBtu on June 9, 2025, down 4.40% from the previous day. Over the past month, Natural gas's price has fallen 0.78%, but it is still 24.48% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on June of 2025.

UK Gas fell to 82.28 GBp/thm on June 9, 2025, down 3.15% from the previous day. Over the past month, UK Gas's price has fallen 1.45%, but it is still 0.95% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on June of 2025.

The European natural gas market, valued at approximately €250 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% through 2033. This expansion is fueled by several key drivers. Firstly, increasing industrialization and urbanization across Europe consistently elevate demand for energy, with natural gas playing a crucial role in power generation and industrial processes. Secondly, the ongoing transition away from coal-fired power plants, driven by stringent environmental regulations and climate change concerns, significantly increases reliance on cleaner-burning natural gas as a transitional fuel source. Furthermore, the development of efficient gas infrastructure, including pipelines and storage facilities, is facilitating market growth. However, the market faces certain restraints. Geopolitical instability, particularly concerning supply disruptions from key producing regions, creates price volatility and security concerns. The intermittent nature of renewable energy sources necessitates the continued role of natural gas for grid stability, but this creates challenges in balancing energy security with decarbonization goals. Segment-wise, the industrial sector is expected to dominate, closely followed by the power generation sector. Despite these challenges, the long-term outlook for the European natural gas market remains positive. Continued investment in renewable energy infrastructure and energy efficiency measures will gradually reduce reliance on natural gas, though its role as a key energy source is projected to persist throughout the forecast period. Major players like Chevron, BP, Shell, TotalEnergies, and others are adapting their strategies to this evolving landscape, focusing on both gas production and the integration of renewable energy sources into their portfolios. The competitive landscape is intense, driven by the need for securing reliable and affordable supplies amid fluctuating geopolitical dynamics. Strategic partnerships and mergers & acquisitions will likely play an increasingly important role in shaping the industry’s future. The regional distribution will see Western Europe continue to be the largest consumer, but Eastern Europe will show notable growth owing to their continuing industrialization. Recent developments include: In September 2022, the German government announced a USD 65 billion plan to help people and businesses cope with soaring prices. Several European nations introduce emergency measures to prepare for a long winter in the wake of disruption in Russian gas supplies to Europe following the Ukraine war., In March 2022, Equinor announced plans to increase gas supply to meet European demands. Increased production permits issued by the Ministry of Petroleum and Energy allow Equinor to maintain high production levels at its Troll, Oseberg, and Heidrun gas fields. Following these permits, the Oseberg and Troll fields will increase exports by around one billion cubic meters (bcm), while the Heidrun field aims to increase gas exports by 0.4bcm for the 2022 calendar year.. Notable trends are: Upstream Sector to Witness Significant Growth.

European Union Natural Gas Price: NH: Total GJ: excl Taxes & Levies: EA data was reported at 0.051 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.050 EUR/kWh for Jun 2024. European Union Natural Gas Price: NH: Total GJ: excl Taxes & Levies: EA data is updated semiannually, averaging 0.060 EUR/kWh from Dec 2022 (Median) to Dec 2024, with 5 observations. The data reached an all-time high of 0.081 EUR/kWh in Dec 2022 and a record low of 0.050 EUR/kWh in Jun 2024. European Union Natural Gas Price: NH: Total GJ: excl Taxes & Levies: EA data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P004: Eurostat: Natural Gas Price: Non-Household Consumers.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are a major source of imports. Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to fall at a compound annual rate of 4.4% to €71.6 billion over the five years through 2024. Revenue expanded in 2021 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023. This trend is expected to continue into 2024, when revenue is slated to fall by 57%. Revenue is forecast to rise at a compound annual rate of 11.9% over the five years through 2029 to €125.3 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

The global natural gas price index stood at 184.84 index points in April 2025. Natural gas prices decreased by nearly 30 index points that month as heating fuel demand fell. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

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Europe’s petroleum and natural gas extraction support services’ revenue is forecast to contract at a compound annual rate of 3.8% over the five years through 2024 to €62.1 billion. Widespread disruption caused by the COVID-19 pandemic weighed heavily on extraction and exploration activity in downstream oil and gas markets as poor demand conditions caused prices to plummet, disincentivising new investment and causing support service contractors to offer price concessions to customers, compounding the industry’s weak revenue performance and weighing on profitability. Demand has increased since lockdown restrictions eased, supporting revenue over 2021 and 2022. Russia’s invasion of Ukraine led to significant price increases in both oil and gas due to supply uncertainties. This also led to Norway becoming Europe’s largest natural gas supplier in 2022, supporting revenue opportunities for Norwegian contractors. Norway has also increased the level of investment into new oil and gas fields to alleviate uncertainties regarding supply following trade restrictions placed on Russian oil and gas. Nonetheless, weakening demand and falling oil and gas prices have contributed to an expected revenue slump of 20.3% in 2024. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 7% to €87.2 billion. New investments into oil and gas fields will provide contractors with new revenue opportunities, supporting revenue growth and expanding profitability. However, ongoing efforts across Europe to meet environmental and emissions targets, like net zero by 2050, will continue to threaten demand for oil and gas, somewhat limiting revenue growth.

Europe Natural Gas Liquids market will be USD 5262.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. The growing need for NGLs in the manufacture of synthetic materials and fibers is expected to aid the sales to USD 7295.4 million by 2031

The size of the Europe Oil and Gas Storage Tank Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00% during the forecast period. The oil and gas storage tank market is vital to energy security and proper utilization of hydrocarbon resources in Europe. The market encompasses a large number of crude oil, refined petroleum products, and natural gas storage facilities that ensure strategic reserves and operational demand throughout the region. Adequate storage infrastructure is indispensable in Europe, which relies heavily on imports of oil and gas. Stabilizing supply is necessary to manage price volatility. In very recent times, there has been a swing that has been very much towards the sophisticated end of storage technologies, more towards the ultra-modern, sophisticated kind of tank farms with advanced monitoring systems and safety features. Market pressure is mounting due to increasing regulatory pressures on minimizing environmental impact and raising safety standards, which then results in investments in environmentally friendly storage solutions. Geopolitical factors, notably tensions in Eastern Europe that are now tied to the energy crisis, have dramatically increased the strategic value of storage capacities. Nations are actively investing in SPR development as well as in the infrastructure to offer energy resiliency. However, while challenges are observed in the form of fluctuating demand, transition toward renewable energy, and an imperative to modernize, this European oil and gas storage tank market is poised for growth in a pretty relative manner. Investments in infrastructure, technological advancements, and a focus on sustainability will most likely determine the future of this most essential sector of the European energy landscape Recent developments include: September 2022: Germany's natural gas storage facilities reached more than 85%, displaying steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine. The government's target to reach 85% storage capacity by October was achieved at the beginning of September., July 2022: Germany and Austria signed a deal to accelerate filling gas storage facilities. With the signing of a bilateral solidarity agreement, the two countries agreed to cooperate on the use of liquefied natural gas (LNG) infrastructure and storage filling.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Midstream to Witness Significant Growth.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.