Natural gas EU prices averaged USD 10.87 per MMBtu in June, up 7.3% from May. On 28 June, the commodity traded at USD 10.83 per MMBtu, down 0.6% from 31 May.
Concerns about supply disruptions rose in June as a European court ordered the Russian firm Gazprom to pay billions in damages to a German utility company. Gazprom is unlikely to pay up, potentially leading to the rerouting of the firm’s remaining European clients, a move which could lead Gazprom to halt gas flows to Europe.
This chart displays Natural Gas EU (US$/MMBtu) from 2022 to 2024.
European TTF Natural Gas (prices in US$/MMBtu, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| European TTF Natural Gas | 16.80 | 11.25 | 10.80 | 13.56 | 8.79 | 10.00 | - | - |