Natural gas EU prices averaged USD 28.47 per MMBtu in October, up 12.0% from September. On 30 October, the commodity traded at USD 34.00 per MMBtu, up 41.1% from 30 September.
In October, prices surged to their highest monthly average since December 2022. Europe will likely enter winter with the lowest inventories since 2013, while markets feared that LNG imports from the Middle East could be further disrupted if the U.S. renews strikes against Iran after the Congressional midterms.
This chart displays Natural Gas EU (US$/MMBtu) from 2024 to 2026.
European TTF Natural Gas (prices in US$/MMBtu, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| European TTF Natural Gas | - | - | - | 13.55 | 14.42 | 11.87 | 11.31 | 10.26 | 13.67 | 15.60 | 21.49 | - |