TTF Is Europe’s Benchmark Gas Price
The Dutch Title Transfer Facility (TTF) is the most-liquid wholesale natural gas hub in Europe and the reference price for European utilities, industrial consumers and LNG suppliers. TTF futures and spot quotes are the primary benchmark used by every major energy trader in the eurozone.
Why TTF Moves Everything Downstream
- • Electricity prices — gas sets marginal-cost power in the EU
- • Industrial costs — chemicals, fertilisers, steel, glass
- • Inflation — gas pass-through into eurozone CPI
- • Energy security — winter heating and storage adequacy
- • LNG arbitrage — pulls cargoes between Europe and Asia
LNG send-out from regasification terminals plus pipeline flows from Norway, Algeria and residual Russian volumes set Europe’s daily supply baseline.
View LNG Supply & Demand →EU gas storage at 53.4% (-21.6% vs norm). Storage trajectory is the dominant medium-term price signal.
View Storage Levels →Heating-degree days drive winter demand, while summer cooling and storage-refill cycles shape the shoulder seasons. Cold snaps repeatedly cause price spikes.
Read the Research →EERI sits at 11/100 (LOW). Conflict, sanctions and shipping risk drive risk-premia into European gas pricing.
View EERI →Brent crude (oil-indexed LNG contracts) and the JKM LNG benchmark in Asia set the global arbitrage backdrop that pulls cargoes toward Europe or Asia.
Brent → JKM LNG →EGSI-M (market stress) at 3.9 (LOW) and EGSI-S (system stress) at 4.6 (LOW) capture supply-demand strain inside the European gas system.
View EGSI →Prices don’t move randomly — they react to risk. EnergyRiskIQ’s Custom Algorithms score live geopolitical, supply, demand and market-stress signals into structured indices so you can see directional risk before price reacts.
Daily TTF Closing Prices
↓ Download CSV| Date | Price (€/MWh) | Change | % Change |
|---|---|---|---|
| 2026-07-18 | €57.49 | +0.00 | +0.00% |
| 2026-07-17 | €57.49 | +1.66 | +2.97% |
| 2026-07-16 | €55.83 | +1.12 | +2.05% |
| 2026-07-15 | €54.71 | +0.10 | +0.18% |
| 2026-07-14 | €54.61 | +2.07 | +3.94% |
| 2026-07-13 | €52.54 | +2.89 | +5.82% |
| 2026-07-12 | €49.65 | +0.85 | +1.74% |
| 2026-07-11 | €48.80 | +0.54 | +1.12% |
| 2026-07-10 | €48.26 | -1.30 | -2.62% |
| 2026-07-09 | €49.56 | +0.37 | +0.75% |
| 2026-07-08 | €49.19 | +1.12 | +2.33% |
| 2026-07-07 | €48.07 | +2.07 | +4.50% |
| 2026-07-06 | €46.00 | +0.94 | +2.09% |
| 2026-07-05 | €45.06 | -0.27 | -0.60% |
| 2026-07-04 | €45.33 | +0.00 | +0.00% |
| 2026-07-03 | €45.33 | +1.09 | +2.46% |
| 2026-07-02 | €44.24 | +1.13 | +2.62% |
| 2026-07-01 | €43.11 | -0.55 | -1.26% |
| 2026-06-30 | €43.66 | +1.84 | +4.40% |
| 2026-06-28 | €41.82 | +0.74 | +1.80% |
| 2026-06-27 | €41.08 | +0.25 | +0.61% |
| 2026-06-25 | €40.83 | -0.03 | -0.07% |
| 2026-06-24 | €40.86 | -1.16 | -2.76% |
| 2026-06-23 | €42.02 | -0.17 | -0.40% |
| 2026-06-22 | €42.19 | -1.21 | -2.79% |
| 2026-06-21 | €43.40 | +1.31 | +3.11% |
| 2026-06-20 | €42.09 | +1.45 | +3.57% |
| 2026-06-19 | €40.64 | -0.69 | -1.67% |
| 2026-06-18 | €41.33 | +0.33 | +0.80% |
| 2026-06-17 | €41.00 | +0.00 | +0.00% |
Don’t Just Track Prices —
Understand the Risk
Most platforms show price. EnergyRiskIQ shows why prices move — with Custom Algorithm risk indices, daily intelligence digests and real-time alert signals across European gas, LNG and global energy markets.
Get Free Daily Risk Alerts → Upgrade to Pro for Real-Time SignalsWhat is the natural gas price in Europe today?
What is TTF gas price?
Why is natural gas expensive in Europe?
How does LNG affect gas prices?
Will gas prices go up?
What time of year are European gas prices highest?
How to Cite This Page
This page is updated daily with fresh TTF natural gas data and Custom Algorithm risk context from the EnergyRiskIQ production pipeline. To reference this analysis in research, journalism or professional reports, use the citation below.
EnergyRiskIQ. (2026). Natural Gas Price Today in Europe (TTF Benchmark) — July 19, 2026. Retrieved from https://energyriskiq.com/data/natural-gas-price-today-europe Custom Algorithm interpretation. Data sources: TTF settlement prices, AGSI+ / GIE storage, Yahoo Finance (VIX, BZ=F), OilPriceAPI, EnergyRiskIQ internal risk pipeline.
TTF natural gas settled near €57.49/MWh today. Over the past seven sessions, prices have advanced by +17.8%, with a +36.4% move across the trailing 30 days. European gas remains the global benchmark traders watch for winter demand, LNG arbitrage, and industrial-cost signals across the eurozone.
EU gas storage is at 53.4% (-21.6% vs seasonal norm), tracking below the seasonal norm and signalling a elevated winter-balance risk. The European Energy Risk Index (EERI) sits at 11/100 (low), while the gas-market stress signal EGSI-M reads 3.9 (LOW). Asian JKM LNG is trading near $20.98/MMBtu, which sets the marginal pull on US LNG cargoes between Europe and Asia.
Risk skew currently favours upside in TTF on the combination of tightening storage trajectory, elevated risk indices, and supportive LNG arbitrage. Custom Algorithm flags continued sensitivity to weather forecasts, Norwegian flow data, and any escalation in Red Sea / Middle East shipping risk.