Dutch TTF gas futures amounted to 34.5 euros per megawatt hour on April 14, 2025 for contracts with delivery in May 2025. Figures decreased compared to the previous weeks and fell to below 40 euros for the first time in six months. Dutch TTF is seen as a Europe-wide natural gas price benchmark.
Europe more reliant on imports
The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow.
LNG pricing across European regions
The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around 12 U.S. dollars per million British thermal units in early April 2025.
Dutch TTF gas futures at the beginning of each week from January 30, 2023 to April 14, 2025
(in euros per megawatt hour)
Prices are for contracts with delivery in January 2024 for all figures prior to December 26, 2023. The following figures show prices for front-month delivery. Figures were rounded.
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Intercontinental Exchange. (April 15, 2025). Dutch TTF gas futures at the beginning of each week from January 30, 2023 to April 14, 2025 (in euros per megawatt hour) [Graph]. In Statista. Retrieved April 20, 2025, from https://www.statista.com/statistics/1267202/weekly-dutch-ttf-gas-futures/
Intercontinental Exchange. "Dutch TTF gas futures at the beginning of each week from January 30, 2023 to April 14, 2025 (in euros per megawatt hour) ." Chart. April 15, 2025. Statista. Accessed April 20, 2025. https://www.statista.com/statistics/1267202/weekly-dutch-ttf-gas-futures/
Intercontinental Exchange. (2025). Dutch TTF gas futures at the beginning of each week from January 30, 2023 to April 14, 2025 (in euros per megawatt hour) . Statista. Statista Inc.. Accessed: April 20, 2025. https://www.statista.com/statistics/1267202/weekly-dutch-ttf-gas-futures/
Intercontinental Exchange. "Dutch Ttf Gas Futures at The Beginning of Each Week from January 30, 2023 to April 14, 2025 (in Euros per Megawatt Hour) ." Statista, Statista Inc., 15 Apr 2025, https://www.statista.com/statistics/1267202/weekly-dutch-ttf-gas-futures/
Intercontinental Exchange, Dutch TTF gas futures at the beginning of each week from January 30, 2023 to April 14, 2025 (in euros per megawatt hour) Statista, https://www.statista.com/statistics/1267202/weekly-dutch-ttf-gas-futures/ (last visited April 20, 2025)
Dutch TTF gas futures at the beginning of each week from January 30, 2023 to April 14, 2025 (in euros per megawatt hour) [Graph], Intercontinental Exchange, April 15, 2025. [Online]. Available: https://www.statista.com/statistics/1267202/weekly-dutch-ttf-gas-futures/