Global Gas Market Faces Supply Shortages Amid Rising Demand

19:41; 27 January 2026 year

### Global Natural Gas Pricing Hubs: Henry Hub in the US and TTF in Europe There are two major global pricing centers for natural gas: Henry Hub in the United States and the Dutch TTF Gas hub in the European Union. The price of natural gas, including Russian natural gas, is determined based on current global gas and oil prices. 1. **US Market (Henry Hub)**: - Current price: increased to $6.7 per million BTU (British Thermal Units) on Tuesday. 2. **European Market (TTF)**: - Current price: adjusted to $489 per 1,000 cubic meters. ### Natural Gas in the US The benchmark price for natural gas in the US is set at the Henry Hub storage facility located in Louisiana. ### European Gas European gas trading primarily takes place on European gas hubs, with the largest being the Dutch TTF Natural Gas Exchange. This Dutch exchange is the leader in the European gas market due to its trading volume, which exceeds the internal gas needs of the Netherlands by more than 14 times. Approximately 20 trillion cubic meters of gas are traded annually on this platform. It is important to note that gas pricing mechanisms around the world are diverse, including: - Exchange trading (competitive pricing, as seen on TTF in Europe) - Oil-indexed pricing (linking gas prices to oil prices) - Regulated prices - Direct contracts where prices are determined by the balance of supply and demand, influenced by global benchmarks including gas prices and the cost of alternative fuels (gas, oil, coal). Russian gas prices, especially for export markets, have traditionally been heavily dependent on oil-indexed pricing, but are now more oriented towards spot markets and competitive mechanisms, although the link to energy prices remains. This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure