EU Natural Gas

EU natural gas futures were trading around €80 per megawatt-hour, a level not seen since February and roughly 80% below record levels of near €350 hit in March. Inventories have been rising as major European buyers navigate how to secure necessary gas shipments without violating EU sanctions imposed on Russia following its invasion of Ukraine. On top of that, industrial demand for gas in Europe has contracted roughly 20% from levels seen four to five years ago, according to MET International AG, a Switzerland-based trading company. Historically, EU Natural Gas reached an all time high of 345 in March of 2022. 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). Prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. 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.

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