TTF Gas fell to 32.37 EUR/MWh on July 24, 2025, down 1.76% from the previous day. Over the past month, TTF Gas's price has fallen 8.56%, but it is still 1.12% higher than a year ago, 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 July of 2025.

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.

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

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.

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

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 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 ** 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 ** 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 ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The report covers Europe Natural Gas Market Analysis and it is segmented by Sector (Upstream, Midstream, and Downstream), Location of Deployment (Onshore, Offshore), and Geography (United Kingdom, Norway, Netherlands, Germany, and the 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.

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

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.

As indigenous natural gas reserves within the European Union (EU) decline, higher gas imports are expected in order to meet future EU gas demand. Natural gas will be transported across considerable distances from regions of gas reserves to European consumers. This raises security of gas supply concerns especially for EU countries that depend heavily on a single supply source or major transit route. A linear programming model of the European gas supplies was developed and used to investigate the impact of loss of the Ukraine transit capacity on gas supply from Russia to Europe. Two demand scenarios – that is a reference case and a high demand case in the winter of 2014/2015 were investigated. The results have shown that gas flows on interconnectors and from storage and liquefied natural gas import terminals compensated for the supply shortfall. Furthermore, to mitigate the effect of the supply shortage, the impact of increasing the capacities of selected pipelines within the EU was compared against increasing the maximum storage withdrawal rates in southeast Europe. Higher storage withdrawal rates achieved lower demand curtailment than the additional interconnector capacity in both scenarios.Data comprises:Domestic production and gas import supplies to Europe – No transit capacity loss;Gas withdrawn from European storage facilities - No transit capacity loss;Domestic production and gas import supplies to Europe – Loss of Ukraine transit capacity;Gas withdrawn from storage – Loss of Ukraine transit capacityCompariso of Unmet;Demand for the mitigation measures - high demand;European gas demand data for reference case;European gas demand data for hugh-demand case;Supply data for national production;Gas storage data;Maximum interconnector capacities between connected countriesLNG regasification capacities.Results of research based upon these data are published at http://doi.org/10.1680/ener.14.00020

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.

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.

Norway is by far the largest producers of natural gas in Europe. In 2024, Norway extracted ***** billion cubic meters worth of the fossil fuel. In comparison, Germany extracted around **** billion cubic meters worth of natural gas the same year.

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.

European Exports of Natural Gas by Country, 2023 Discover more data with ReportLinker!

European Union Natural Gas Supply: EU 27: Exports data was reported at 27,501.000 Cub m mn in Dec 2019. This records an increase from the previous number of 27,093.000 Cub m mn for Nov 2019. European Union Natural Gas Supply: EU 27: Exports data is updated monthly, averaging 27,916.500 Cub m mn from Jan 2014 (Median) to Dec 2019, with 72 observations. The data reached an all-time high of 37,866.000 Cub m mn in Jan 2017 and a record low of 23,345.000 Cub m mn in Jun 2016. European Union Natural Gas Supply: EU 27: Exports 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.

The European gas industry, with a market size of XX million and a CAGR of 2.50%, is on a steady growth trajectory. Key drivers include increased demand for gas as a cleaner energy source, rising industrialization, and government initiatives to reduce carbon emissions. The industry is segmented by application (utilities, industrial, commercial) and region (Germany, UK, France, Italy, Spain, Rest of Europe). Major players in the European gas market include Chevron Corporation, BP PLC, TotalEnergies SE, Exxon Mobil Corporation, and Equinor ASA. Trends shaping the industry include the transition to renewable energy sources, advancements in gas exploration and production technologies, and increasing demand for liquefied natural gas (LNG). Restraints include price volatility, geopolitical uncertainties, and environmental concerns. The report provides a comprehensive analysis of the competitive landscape, key trends, market drivers and restraints, and growth projections for the European gas industry. Recent developments include: September 2022: Russia's Gazprom announced shipping 42.4 million cubic meters (mcm) of natural gas to Europe via Ukraine. The shift was part of a push by Russia to reduce its reliance on the US dollar., September 2022: The Baltic Pipe was inaugurated at Goleniów, Poland, marking the completion of the Baltic Pipe construction. The pipeline connects various countries, viz., Norway, Denmark, Poland, and neighboring countries. With this project, countries can now import up to 10 billion cubic meters (bcm) of gas annually from Norway to Poland and transport up to three bcm of gas from Poland to Denmark.. Notable trends are: Utility Sector (i.e., Power Generation) Sector Expected to Dominate the Market.

Natural Gas Imports from Russia in European Union decreased to 72969 Terajoule in September from 87799 Terajoule in August of 2023. This dataset includes a chart with historical data for European Union Natural Gas Imports From Russia.

This table shows the supply and the consumption of natural gas as a balance sheet. The supply of natural gas is calculated as the sum of indigenous production, production from other sources, imports minus exports, minus delivery of fuels for international shipping (bunkers) plus stock changes. The supply is equal to the amount of natural gas used in the Netherlands in the same period.

This consumption is broken down by how it’s delivered by the gas distribution network. This sts of a main grid and connected regional grids. Largescale consumers, like power plants and large companies, receiving the gas directly from the main distribution network. Smallscale consumers, including households, receiving their natural gas through the regional grids. Then a small amount of natural gas is used in the indigenous production and transport of natural gas. Lastly, there is flared and vented natural gas.

Data available: From 1946 annually and from 1982 annually, quarterly and monthly.

Status of the figures: — up to 2018 definition — 2019 and 2020 revised provisional — 2021 provisional.

Changes as of October 2021: Provisional figures of August 2021 have been added.

Changes as of March 2021: Redesign; The new variations “bunkers” and “Closing stock” are added to the table. The closing stocks will be aligned with AGSI every year in January. In the other months the closing stock will be determined on the flows as metered by Gasunie (TSG). Reason of this methodology, differences between the values as published by AGSI can occur. Separately from addressing the variations ‘Closing stock’ and ‘bunkers’ new insights have led to a shift from import to production for the year 2020.

When will new figures be published? Provisional figures: In the second month after the month under review. Revised provisional figures: Not later than in the following December. Defined figures: Not later than in the second following December.