European gas prices declined almost 5% to around €90 per megawatt-hour on Thursday, moving further away from a record €116.2 hit on October 5th, as an increase in LNG supplies and pandemic concerns outweighed cold weather forecasts. European LNG imports were 6.29 million tonnes in November, the most since April and up from 5.96 million tonnes in October. Also, as the pandemic situation worsens in Europe and restrictions are reintroduced, investors expect heating needs for office spaces and commercial areas to drop. Meanwhile, temperatures are expected to drop in the first half of December in Europe with the gas-producing Nordic countries and Russia being among the most impacted, which might have an impact on gas volumes flowing to other European countries.

Historically, EU Natural Gas reached an all time high of 162.13 in October of 2021. EU Natural Gas - data, forecasts, historical chart - was last updated on December of 2021.

EU Natural Gas is expected to trade at 84.42 EUR/MWh by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 68.52 in 12 months time.

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EU Natural Gas

Price Day Month Year
Crude Oil 66.24 -0.2400 -0.36% -14.75% 43.19%
Brent 69.92 0.3800 0.55% -13.19% 41.97%
Natural gas 4.09 0.0380 0.94% -28.38% 58.99%
Gasoline 1.96 0.0072 0.37% -14.66% 54.24%
Heating Oil 2.10 -0.0050 -0.24% -12.81% 49.57%
Ethanol 2.85 -0.1200 -4.04% -5.32% 116.73%
Naphtha 638.85 -1.91 -0.30% -13.64% 55.60%
Propane 0.99 0.03 2.98% -28.37% 69.48%
Uranium 46.35 0 0% 5.82% 56.59%
Methanol 2,620.00 -11.00 -0.42% -7.75% 24.29%
TTF Gas 90.50 -4.33 -4.57% 18.24% 539.89%
UK Gas 233.00 -9.0900 -3.75% 18.44% 465.53%

EU Natural Gas
Dutch TTF Gas is a leading European benchmark price. Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services (GTS), the transmission system operator in the Netherlands. Delivery is made equally each hour throughout the delivery period from 06:00 (CET) on the first day of the month until 06:00 (CET) on the first day of the next month. Futures are available for trading in the Intercontinental Exchange Inc. (ICE). Our natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.