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At the start of 2025, the average price for natural gas in Europe was €0.1233 per kWh, having almost doubled since the beginning of 2022. This is an increase of over 1 cent per kWh from the average price in 2024. Prices were expected to fall in 2025 due in part to the diversification of gas sources along with the increased use of renewable energy across the continent, reducing demand. Natural gas prices in Ireland remain high at €0.1347 per kWh and well above the EU average.
At the start of 2025, the average price for natural gas in Europe was €0.1233 per kWh, having almost doubled since the beginning of 2022.
This was largely due to Russia's invasion of Ukraine in early 2022 which sparked an energy crisis across Europe.
Across the 27 EU member states, natural gas is most expensive in Sweden at €0.1893 per kWh, while Hungary is the cheapest at €0.0315 per kWh.
Last Updated: June 2025
Source: Eurostat
Based on current forecasts and expert analyses, European gas prices are unlikely to come down significantly in 2025 and are generally expected to remain elevated compared to pre-2022 levels.
Some forecasts even suggest prices could be higher in 2025 than in parts of 2024.
Here's a breakdown of the key factors:
As Europe enters summer, demand for gas for home heating will likely fall, representing a good time to switch gas provider and reduce costs for the upcoming winter.
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Perhaps the most important causes have been the unprecedented events that have caused the gas markets to react unfavourably and pushed energy costs up and up.
These events have been responsible for much of the economic issues that Europe has been experiencing since 2020, but they have had a unique impact on the gas markets:
When Russia strategically curtailed gas supplies to Europe and then launched its full-scale invasion of Ukraine, it directly weaponised energy against the continent.
This action led to an almost complete cut-off of pipeline gas supplies through major routes, removing a critical and previously reliable source which forced Europe to find immediate, expensive alternatives.
Prior to the invasion, the market was already fragile due to surging global demand as economies recovered from the COVID-19 pandemic.
Europe's gas storage levels were unusually low entering late 2021, and this insufficient replenishment, coupled with strong competition for global Liquefied Natural Gas (LNG) from Asia, created a highly susceptible market prone to price spikes.
Europe's historical reliance on abundant and relatively cheap pipeline gas from Russia meant that its energy infrastructure and diversified supply routes were not sufficiently developed to cope with such a dramatic and sudden loss of its primary supplier.
his systemic vulnerability amplified the impact of supply cuts, as adapting quickly to new energy flows proved challenging.
The global LNG market, characterised by its inherent volatility as cargoes can be redirected to the highest bidder, played a significant role. This created intense price competition for available supplies.
Furthermore, periods of low renewable energy generation and other geopolitical tensions beyond Ukraine contributed to market anxiety, adding upward pressure on prices.
In 2025, natural gas in Ireland costs €0.1347 per kWh, making Ireland the fifth most expensive country in the EU for gas.
This big increase in the cost of energy has put huge pressure on homeowners dealing with the cost of living in Ireland.
Below, you'll find a graph outlining the price evolution of natural gas in Ireland over the last 5 years.
Last Updated: June 2025
Source: Eurostat
It's highly likely that gas prices in Ireland will remain high and could even see increases in 2025, primarily due to the same underlying factors affecting the broader European market, along with some specific Irish considerations.
Here's a breakdown of why:
What is the Average Gas Bill in Ireland?
The average annual gas bill in Ireland is €1,571.04 on a standard meter.
Given that gas prices remain high in Ireland and with no significant decrease likely to happen this year, there are some steps you can take to try to lower your gas bills.
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