Commodity prices · Energy
European natural gas price
Is natural gas in Europe expensive by its own standards? The World Bank's monthly price, against the five years before it and every month since January 1960.
High 75th percentile of the five years before
Above its own recent range, though not at an extreme. September 2026 was the highest since December 2022.
Monthly average for , the latest month the World Bank has published. Not a live quote.
Data last updated . Checked daily.
Against its own history
A year earlierSeptember 2025
$11.12
US dollars per million British thermal units
Five years before60 months
$8.15–70.04
lowest and highest month, September 2021 to August 2026
12-month averageto September 2026
$15.25
+19.3% on the 12 months before
Record monthsince 1960
$70.04
in August 2022; the lowest was $0.38, in January 1964
European natural gas price, monthly average
US dollars per million British thermal units, since January 2000. Not adjusted for inflation.
Year by year average, high and low month for the last 15 years
| Year | Average | High | Low |
|---|---|---|---|
| 2026 | 16.92 | 25.42 | 11.24 |
| 2025 | 11.96 | 15.34 | 9.48 |
| 2024 | 10.96 | 13.93 | 8.15 |
| 2023 | 13.11 | 20.18 | 9.55 |
| 2022 | 40.34 | 70.04 | 27.23 |
| 2021 | 16.12 | 38.03 | 6.13 |
| 2020 | 3.24 | 5.86 | 1.58 |
| 2019 | 4.80 | 7.26 | 3.59 |
| 2018 | 7.68 | 9.52 | 6.66 |
| 2017 | 5.72 | 7.14 | 4.89 |
| 2016 | 4.56 | 5.69 | 3.91 |
| 2015 | 6.82 | 9.25 | 5.09 |
| 2014 | 10.05 | 11.59 | 8.90 |
| 2013 | 11.79 | 12.88 | 11.25 |
| 2012 | 11.47 | 11.97 | 11.08 |
Related
How this is measured
Prices are the World Bank's monthly averages, in US dollars of the day (not adjusted for inflation), as published in its Commodity Price Data, the “Pink Sheet”. A new month appears early in the month after; it is not a live quote, and September 2026 is the latest month published.
The five-year position ranks the latest month against the 60 months before it: the 90th percentile means it was higher than 90% of them. The record is the highest or lowest month in the World Bank's data, which for this series starts in January 1960. Some series have changed grade, port or source over that time; the World Bank's description below says when, and a record that spans a change compares two different things.
The series, in the World Bank's words: “Natural Gas (Europe), from April 2015, Netherlands Title Transfer Facility (TTF); April 2010 to March 2015, average import border price and a spot price component, including UK; during June 2000 - March 2010 prices excludes UK.” Sources it lists: Bloomberg Finance L.P. Finance L.P.; World Gas Intelligence; World Bank.
Check: for July 2026 the World Bank's price was $18.06 and the same benchmark from the International Monetary Fund, Primary Commodity Prices, via FRED (PNGASEUUSDM) was $17.93, in the same units: 0.7% apart. That copy has not yet reached September 2026, so the latest month is not yet checked.
The World Bank revises recent months when its sources do, and these pages show the figures as currently published, rebuilt daily. Source: World Bank, Commodity Price Data (The Pink Sheet), edition of 2 October 2026. Licence: CC BY 4.0. Every month of every commodity here: commodities.csv.