"About the Situation on the World Gas Market"

20:50; 08 December 2025 year

Mechanisms of gas pricing in the world, including gas of Russian origin, are formed based on global gas and oil product prices. World gas markets have their key price benchmarks. There are several reference indicators, two of which are the main ones: 1. American market (Henry Hub): - Current price: correction on Monday to 5.1 USD/million BTU (British thermal units). 2. European market (TTF): - Current price: growth to 333 USD/1000 m³. 1. Henry Hub - American gas. This is the actual gas hub Henry Hub in the state of Louisiana. This benchmark plays a leading role in forming natural gas prices in the United States, which are traded on the New York exchange. The unit of measurement is British thermal units (BTU). To convert the price to the equivalent of 1000 cubic meters, a coefficient of 35.8 is used. It is important to note that this price reflects the raw cost of the raw material without accounting for the costs of liquefaction, transportation, and reverse regasification. Therefore, the consumer in the United States pays significantly more for gas. 2. TTF - European gas. This is the main benchmark for gas prices in Europe. The name means Title Transfer Facility - a virtual trading platform for gas. Trading gas on TTF mainly occurs on DUTCH TTF NATURAL GAS. This exchange is the leader in the European gas market. On the exchange, about 20 trillion cubic meters of gas are sold annually. It is noted that on the spot Russian market (Moscow Exchange) futures on American gas are traded. It is worth noting that since April 8, 2025, investors have been able to trade futures on European gas. On the Moscow Exchange, such contracts are denoted by the code NG-11.25 and similar combinations of digits and letters. 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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