Global Gas Market: Overview

20:07; 09 December 2025 year

The price of natural gas, including Russian natural gas, is determined based on current global gas and oil prices. Two major global natural gas pricing centers can be identified: Henry Hub in the United States and TTF Gas in the EU. 1. US Market (Henry Hub): - Current price: increased to $4.8 USD per million BTU on Tuesday. 2. European Market (TTF): - Current price: adjusted to 325 USD per 1,000 cubic meters. 1. Gas in the US (Natural Gas - NG): The benchmark price for gas in the US is the Henry Hub storage in Louisiana. The unit of measurement is British Thermal Units (BTU). To convert this price to the standard equivalent of 1,000 cubic meters, an approximate factor of 33.8 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 regasification. Consequently, the end consumer in the US 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: European gas trading primarily takes place on European gas hubs, with the Dutch TTF being the largest. This Dutch exchange is the leader in the European gas market due to trading volumes exceeding domestic Dutch needs by more than 14 times. Approximately 20 trillion cubic meters of gas are traded annually here. It is important to note the high seasonality of natural gas demand, which is significantly increased during the winter heating season. The review was presented by Alexei Grishchenko, PhD, 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.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure