The price of natural gas in Europe surged by nearly 1.5 times in July
The price of natural gas in Europe surged by nearly 1.5 times in July, reaching $637 per 1,000 cubic meters, driven by escalating geopolitical tensions on the Middle East, according to data from the ICE exchange.
Consensus
- The price of natural gas in Europe increased by almost 1.5 times in July compared to the same period last year.
- The price of natural gas in Europe reached $637 per 1,000 m³ in July.
- The surge in gas prices was attributed to heightened geopolitical tensions in the Middle East.
- Data on the price increase comes from the ICE exchange.
Points of divergence
- The price of gas rose from $510 on June 30 to $709 by July 31, a 39% increase in one month. — vesti
- The average price in June-July was $586 per 1,000 m³, up 38% year-on-year. — vesti
- The price was 55% higher than in July 2025 and 19% higher than in June of the current year. — vesti
- Gas prices rose 35% after Iran's new strike on U.S. facilities in the Middle East. — vesti
- The average price in Q1 2026 was $481 per 1,000 m³ and in Q2 2026 was $550. — vesti
- The average price in July 2025 was $410 per 1,000 m³. — vesti
Coverage (2 sources)
- Gas prices in Europe soared due to geopolitical tensions — Вести
- 💲Gas prices in Europe jumped 1.5 times in July, to $637 per 1 thousand cubic meters, against the backdrop of a new phase of the conflict in the Near East... — ТАСС (Telegram)