"About the Situation on the World Gas Market"

19:39; 11 December 2025 year

The price of Russian natural gas is determined based on current global gas and oil prices. Two key international centers where natural gas prices are formed can be identified: Henry Hub in the USA and the Dutch hub TTF Gas. 1. The American market (Henry Hub): - Current price: increased to 4.8 USD/MMBtu (million British thermal units) on Thursday. 2. The European market (TTF): - Current price: adjusted to 340 USD/1000 m³. 1. Gas in the USA (Natural Gas - NG): The benchmark price for gas in the USA is the price at the Henry Hub storage facility 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 the indicated price is the raw cost of the raw material and does not include costs for liquefaction, transportation, and subsequent regasification. Therefore, the final consumer in the USA pays a significantly higher price for the gas. On the Moscow Exchange, gas contracts are denoted by the code NG-11.25 and similar combinations of numbers and letters. 2. European gas: Trading gas in the EU takes place at gas hubs, with the most important being the Dutch TTF Natural Gas. This Dutch exchange is the leader of the European gas market due to its trading volume, which exceeds the internal needs of the Netherlands by more than 14 times. Approximately 20 trillion cubic meters of gas are traded annually here. It is important to consider the high seasonality of natural gas demand, caused by significant increases in consumption during the winter heating period. The review was presented by Alexei Grishchenko, Dr. Econ., 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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