TTF Gas fell to 30.95 EUR/MWh on August 15, 2025, down 4.30% from the previous day. Over the past month, TTF Gas's price has fallen 11.10%, and is down 21.52% 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 August of 2025.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in July 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 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

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 Q2 2025 about EU, gas, Europe, World, and price.

In 2024, the natural gas price for industries in the European Union with an annual consumption of less than 100 thousand gigajoules stood at an average **** euro cents per kilowatt-hour. Prices for an annual consumption of 100,000 to one million gigajoules were typically cheaper, with Lithuania recording the lowest price among European countries, at **** euro cents per kilowatt-hour.

UK Gas fell to 77.94 GBp/thm on August 15, 2025, down 1.11% from the previous day. Over the past month, UK Gas's price has fallen 6.85%, and is down 17.84% compared to the same time last year, 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 August of 2025.

Natural gas prices (Europe) in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 4.85 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

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

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.

Dutch TTF gas futures amounted to ** euros per megawatt hour on August 11, 2025 for contracts with delivery in September 2025. Figures decreased compared to the previous week. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ** U.S. dollars per million British thermal units in early August 2025.

European Union Natural Gas Price: HC: 200 GJ & Above: excl Taxes & Levies: EA data was reported at 0.077 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.073 EUR/kWh for Jun 2024. European Union Natural Gas Price: HC: 200 GJ & Above: excl Taxes & Levies: EA data is updated semiannually, averaging 0.044 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.093 EUR/kWh in Jun 2023 and a record low of 0.036 EUR/kWh in Jun 2021. European Union Natural Gas Price: HC: 200 GJ & Above: 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.P003: Eurostat: Natural Gas Price: Household Consumers.

Natural gas rose to 2.92 USD/MMBtu on August 15, 2025, up 2.83% from the previous day. Over the past month, Natural gas's price has fallen 17.73%, but it is still 37.60% 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 August of 2025.

European Union Natural Gas Price: NH: 4000000 GJ & Above: excl Taxes & Levies: EU excl UK data was reported at 10.722 EUR/GJ in Dec 2024. This records an increase from the previous number of 9.575 EUR/GJ for Jun 2024. European Union Natural Gas Price: NH: 4000000 GJ & Above: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 7.074 EUR/GJ from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 27.353 EUR/GJ in Dec 2022 and a record low of 3.805 EUR/GJ in Dec 2020. European Union Natural Gas Price: NH: 4000000 GJ & Above: excl 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.P004: Eurostat: Natural Gas Price: Non-Household Consumers.

The file contains data as well as R files necessary to replicate the results from baseline model from the paper "Have European natural gas prices decoupled from crude oil prices? Evidence from TVP-VAR analysis" written by Karol Szafranek & Michał Rubaszek and published in Studies in Nonlinear Dynamics and EconometricsPlease consult the SNDE_readme.txt file included in the archive.

For industries with an annual consumption of 100,000 to 1,000,000 GJ in the European Union, natural gas prices were highest in Sweden, at ***** euro cents per kilowatt-hour in 2024. Finland followed, at ***** euro cents per kilowatt-hour. In contrast, the lowest prices were observed in Lithuania, at **** euro cents per kilowatt-hour.

European Union Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes & Levies: EA data was reported at 0.046 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.044 EUR/kWh for Jun 2024. European Union Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes & Levies: EA data is updated semiannually, averaging 0.028 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.073 EUR/kWh in Dec 2022 and a record low of 0.019 EUR/kWh in Dec 2020. European Union Natural Gas Price: NH: Between 100000 & 999999 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.

European Union Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 17.338 EUR/GJ in Dec 2024. This records an increase from the previous number of 17.117 EUR/GJ for Jun 2024. European Union Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 9.775 EUR/GJ from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 22.734 EUR/GJ in Jun 2023 and a record low of 7.735 EUR/GJ in Dec 2020. European Union Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable 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.P004: Eurostat: Natural Gas Price: Non-Household Consumers.

European Union Natural Gas Price: NH: Between 100000 & 999999 GJ: incl All Taxes & Levies: EA data was reported at 16.983 EUR/GJ in Dec 2024. This records an increase from the previous number of 15.936 EUR/GJ for Jun 2024. European Union Natural Gas Price: NH: Between 100000 & 999999 GJ: incl All Taxes & Levies: EA data is updated semiannually, averaging 9.909 EUR/GJ from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 24.268 EUR/GJ in Dec 2022 and a record low of 7.094 EUR/GJ in Dec 2020. European Union Natural Gas Price: NH: Between 100000 & 999999 GJ: incl All 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.

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).

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.