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European Natural Gas Prices Soar 19.1% Amid Global Shift

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The World Bank has released natural gas price data for Europe and the US. In July this year, the average price of natural gas in Europe stood at $18.06 per million BTU, which is a 19.1% increase from the previous month's figure of $15.17.

This marks a significant rise in prices compared to last year, with the second quarter average reaching $15.58, representing a 31.3% increase from $11.87.

Looking at historical data, the Bank notes that the average price of natural gas in Europe stood at $11.96 in 2025, which is 9.1% higher than the 2024 figure of $10.96.

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