"About the Situation on the Global Gas Market"

19:38; 03 December 2025 year

Pricing of natural gas, including Russian-produced gas, is formed based on current global gas and oil prices. There are two main international centers for natural gas pricing: Henry Hub in the United States and the Dutch hub - TTF Gas. 1. U.S. Market (Henry Hub): - Current price: adjustment on Wednesday to $4.9 per million BTU (British thermal units). 2. European Market (TTF): - Current price: adjustment on Wednesday to 333 USD per 1000 m³. 1. Gas in the U.S. (Natural Gas - NG): The benchmark price for gas in the U.S. is the Henry Hub storage facility located in Louisiana. The unit of measurement is British thermal units (BTU). To convert this price to the standard equivalent of 1000 cubic meters, an approximate factor of 35.8 is used. It is important to note that this price reflects the raw cost of the raw material without including the costs of liquefaction, transportation, and reverse regasification. Therefore, the consumer in the U.S. pays significantly more for gas. On the Moscow Exchange, such contracts are denoted by the code NG-11.25 and similar combinations of digits and letters. 2. European Gas: Trading of European gas takes place primarily on European gas hubs, with the Dutch TTF being the largest, with trading volumes exceeding the internal needs of the Netherlands by more than 14 times. Approximately 20 trillion cubic meters of gas are traded annually here. It should be noted that there is a high seasonality in demand for natural gas, driven by significant increases in consumption during the winter heating season. The review was presented by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Industry Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.

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