TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% 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 - values, historical data, forecasts and news - updated on December of 2025.

View monthly updates and historical trends for European Union Natural Gas Import Price. Source: World Bank. Track economic data with YCharts analytics.

The consumption of natural gas in the European Union has fluctuated since 1998. It increased to a peak of ***** billion cubic meters in 2010, but by 2024 had fallen to around *** billion cubic meters. Natural gas consumption in the EU was only lower than oil consumption, despite the overall decrease. Production of natural gas in decline Although the consumption of natural gas is expected to increase across the region, production in the EU has fallen significantly over the past two decades. By 2023 had fallen by approximately ** percent. EU reliant on Russian exports With the production of natural gas in decline, the EU is expected to become more reliant on international imports. Overall, there was a six percent increase of imports in 2019 when compared to the previous year. Currently, the main exporter of gas to the EU is Russia, who in 2017 exported ** percent of all imports. Plans for a 746-mile gas pipeline from Russia to Germany in the Baltic Sea are set to go ahead. The Nord Stream 2 project has received critics from the US and EU over fears it will increase Europe’s reliance on gas imports from Russia.

Russia accounted for 18.19 percent of the value of natural gas imports into the European Union (EU) from non-EU countries in the first quarter of 2025. The share was higher than in the corresponding period of the previous year, but significantly lower than in 2021. The decrease was due to the Western sanctions on Russia over its invasion of Ukraine and the reduction of gas supplies by Gazprom to Europe. Which EU countries import gas from Russia? In 2023, the EU imported 27 billion cubic meters of natural gas via pipelines from Russia, compared to 140 billion cubic meters in 2021. Among the EU countries, Germany was by far the largest importer of natural gas from Russia. Central and Eastern European (CEE) countries such as Poland, Czechia, and Hungary also ranked in the top 10 before the war in Ukraine given their high dependence on Russian gas. After the onset of the war in 2022, Turkey and China emerged as some of the largest buyers of Russian pipeline gas. The future of natural gas in a climate-neutral Europe Gas continues to be the second-most important primary energy source in the EU, after petroleum-based products. However, to stay within the Paris Agreement’s target of 1.5 degrees Celsius, the EU is actively looking for ways to accelerate the transition to more renewable sources of energy, including the adoption of the European Green Deal and the Commission’s "Fit for 55" proposal and RePowerEU plan. Under these sustainable scenarios, the European gas demand is estimated to fall from 617 billion cubic meters in 2018 to 380 billion cubic meters in 2040.

The report covers Europe Gas Companies and the market is Segmented by Application (Utilities, Industrial, and Commercial) and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe). The market size and forecasts are provided in terms of production capacity in billion cubic meters for all the above segments.

Since the turn of the century, the production of natural gas in the European Union has seen a significant decline. In 2000, approximately *** billion cubic meters were produced, but by 2019 this figure had fallen to some ** billion cubic meters. Until here, the United Kingdom was the EU’s main natural gas producing country. In 2024, the natural gas production in the European Union, excluding the UK, amounted to around ** billion cubic meters.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDQ) from Q1 1990 to Q2 2025 about EU, gas, Europe, World, and price.

The Europe Natural Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location of Deployment (Onshore and Offshore), and Geography (United Kingdom, Norway, Netherlands, Germany, and Rest of Europe). The Report Offers the Market Size and Forecasts for Europe's Natural Gas Market in Revenue (USD Billion) for all the Above Segments.

Germany has the largest import volume of natural gas among European countries. In 2023, Germany bought roughly 71.6 billion cubic meters of natural gas from outside trading partners. This was followed by Italy, which imported 61.8 billion cubic meters worth. That year, overall natural gas imports into the region decreased. Where is natural gas imported from? Natural gas may be imported either in its gaseous state via pipelines or as LNG (liquefied natural gas). The European continent has primarily relied on imports via pipelines from large producing neighbors such as Russia. However, with the outbreak of the Russia-Ukraine war and sanctions imposed on Russian energy imports, supply routes have shifted. Although Russian gas dependence was particularly high in Eastern European countries, expansion of LNG infrastructure has allowed for Europe to become the main destination for LNG from the United States. Within the span of one year, LNG imports from the U.S. had doubled in multiple European countries. Production declines as consumption remains high The European Union’s production of natural gas has been in decline for decades. In comparison, natural gas consumption remains comparatively high, with the fossil fuel largely used for heating, electricity generation, and industrial purposes.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDA) from 1990 to 2024 about EU, gas, Europe, World, and price.

Monthly and long-term natural gas eu price data (US$/MMBtu): historical series and analyst forecasts curated by FocusEconomics.

European Union Natural Gas Supply: EU 27E: Imports data was reported at 39,005.996 Cub m mn in Mar 2025. This records an increase from the previous number of 35,056.351 Cub m mn for Feb 2025. European Union Natural Gas Supply: EU 27E: Imports data is updated monthly, averaging 50,808.000 Cub m mn from Jan 2014 (Median) to Mar 2025, with 135 observations. The data reached an all-time high of 63,152.110 Cub m mn in May 2019 and a record low of 31,886.522 Cub m mn in Sep 2023. European Union Natural Gas Supply: EU 27E: Imports data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.RB: Natural Gas Supply and Consumption: by Cubic Meter. [COVID-19-IMPACT]

The European natural gas market, valued at approximately €[Estimate based on "Market size XX" and currency conversion, e.g., €500 billion] in 2025, is projected to experience robust growth, exceeding a 5% Compound Annual Growth Rate (CAGR) through 2033. This expansion is fueled by several key drivers. Firstly, the ongoing energy transition necessitates a shift towards cleaner energy sources, though natural gas serves as a crucial bridging fuel in the short-to-medium term. Secondly, increasing industrialization and population growth across Europe consistently elevate demand. Finally, geopolitical instability continues to influence energy security concerns, leading to a diversification of supply sources and bolstering investments in domestic gas infrastructure and storage capacity. However, challenges exist. Stringent environmental regulations aiming to reduce greenhouse gas emissions impose constraints on the industry's expansion. Furthermore, the intermittent nature of renewable energy sources necessitates reliable backup power generation, which in turn increases the demand for natural gas. Finally, the fluctuating price of natural gas and its vulnerability to global market volatility creates uncertainty for long-term investment planning. Segment analysis reveals significant variations in production, consumption, import, and export patterns across European nations. Countries like Norway and the Netherlands are major producers, while nations like Germany and the United Kingdom are significant consumers heavily reliant on imports. Price trends indicate a complex interplay of supply and demand, influenced by seasonal variations, geopolitical developments, and economic factors. The competitive landscape includes a mix of multinational energy giants such as Chevron, BP, Shell, and TotalEnergies, alongside national energy companies. Their strategies focus on optimizing production, securing supply chains, and adapting to changing regulatory frameworks and evolving consumer preferences. The forecast suggests the European natural gas market will continue its upward trajectory, driven by sustained demand and strategic investments, despite the hurdles posed by environmental regulations and price volatility. The market's future will depend largely on the successful balance between meeting energy needs, reducing carbon footprint, and ensuring energy security. 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.

Discover the booming European natural gas market! Learn about its €200 billion valuation, 5%+ CAGR, key drivers, and challenges. Analyze market trends, regional shares, and major players like BP, Shell, and TotalEnergies. Forecast to 2033. Notable trends are: Upstream Sector to Witness Significant Growth.

Annual data on quantities for crude oil, petroleum products, natural gas and manufactures gases, electricity and derived heat, solid fossil fuels, renewables and wastes covering the full spectrum of the energy sector from supply through transformation to final consumption by sector and fuel type (commodity balance).

Annual data collection covers in principle the EU Member States, EFTA, and EU candidate countries. The time series starts in most cases in the year 1990.

241 views (4 recent) Dataset extent Map data © OpenStreetMap contributors. The JDD presents the natural gas supply capacities of the European Union's main suppliers up to 2030. LNG supplies do not take into account countries of origin. Gas from Algeria is mixed (LNG and pipeline). European production of natural gas is expected to fall by around 30% by 2030. This drop in intra-European supply should be compensated by the increase in the capacities of land imports from other countries but also by LNG. Expectations with regard to this technology are very important in the European energy strategy and are reflected in new LNG terminal projects in Europe. New infrastructures also make it possible to develop onshore supply routes by pipeline, as is the case with Azerbaijan or the new pipeline from Russia, Nord Stream II.

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

European Union Natural Gas Inland Consumption: EU 27 data was reported at 53,779.000 Cub m mn in Dec 2019. This records an increase from the previous number of 49,255.000 Cub m mn for Nov 2019. European Union Natural Gas Inland Consumption: EU 27 data is updated monthly, averaging 36,173.500 Cub m mn from Jan 2014 (Median) to Dec 2019, with 72 observations. The data reached an all-time high of 67,421.000 Cub m mn in Jan 2017 and a record low of 22,448.000 Cub m mn in Aug 2015. European Union Natural Gas Inland Consumption: EU 27 data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.RB013: Natural Gas Supply and Consumption: by Cubic Meter.

European Gas for Agricultural Purpose Production by Country, 2023 Discover more data with ReportLinker!

European gas consumption declined to ** exajoules in 2015 but increased to ** exajoules by 2018. Between 2025 and 2050, figures are forecasted to decline in all scenarios. In 2050, gas consumption in Europe is expected to reach five exajoules in the net zero scenario and ** exajoules in the business-as-usual scenario.