TTF Gas rose to 35.31 EUR/MWh on July 31, 2025, up 0.84% from the previous day. Over the past month, TTF Gas's price has risen 4.18%, but it is still 4.49% lower 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 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 (PNGASEUUSDM) from Jan 1990 to Jun 2025 about EU, gas, World, Europe, and price.

Norway's natural gas production amounted to 113.2 billion cubic meters in 2024, a decrease of some 2.5 percent in comparison to the previous year. During the period in consideration, figures grew by over 27 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, World, Europe, and price.

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.

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.

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

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.

The average for 2023 based on 43 countries was 0.722 quadrillion Btu. The highest value was in Russia: 23.271 quadrillion Btu and the lowest value was in Belgium: 0 quadrillion Btu. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Natural gas fell to 3.01 USD/MMBtu on July 31, 2025, down 1.25% from the previous day. Over the past month, Natural gas's price has fallen 11.95%, but it is still 52.78% 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 July of 2025.

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 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.

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

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.

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]

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

European Union Natural Gas Supply: EU 27 excl UK (EU 27E): Production data was reported at 2,961.727 Cub m mn in Mar 2025. This records an increase from the previous number of 2,772.770 Cub m mn for Feb 2025. European Union Natural Gas Supply: EU 27 excl UK (EU 27E): Production data is updated monthly, averaging 5,531.939 Cub m mn from Jan 2014 (Median) to Mar 2025, with 135 observations. The data reached an all-time high of 13,833.000 Cub m mn in Jan 2015 and a record low of 2,407.956 Cub m mn in Sep 2024. European Union Natural Gas Supply: EU 27 excl UK (EU 27E): Production 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]

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.