Gas prices in the EU fell by 3.5% year-on-year, Portugal among the most expensive

Natural gas prices in the EU fell by 3.5% year-on-year in the first half of 2026, reaching the lowest level since 2022, with Portugal among the most expensive countries. The average price for natural gas in the EU was €0.11 per kWh, while Portugal's average was €0.13 per kWh, ranking it high alongside France. Adjusted for purchasing power, Portugal had the second-highest gas prices in the EU. The largest price drops were noted in Bulgaria, Greece, and Spain, while Romania, Croatia, and Slovakia saw increases. Additionally, electricity prices also decreased but remained significantly above pre-energy crisis levels, with the highest prices in Ireland and the lowest in Hungary.