Gas Market Under Pressure

22:32; 10 March 2026 year

### Global Natural Gas Pricing Hubs: Henry Hub and TTF Gas There are two major global benchmarks for natural gas pricing: 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:** Adjusted to $3 per million British Thermal Units (BTU) on Tuesday. 2. **European Market (TTF):** - **Current Price:** Increased to $586 per 1,000 cubic meters. ### 1. Natural Gas in the US (NG) The benchmark price for natural gas in the US is set at the Henry Hub storage facility located in Louisiana. ### 2. European Gas European gas trading primarily takes place at European gas hubs, with the largest being the Dutch TTF Natural Gas hub. This Dutch exchange leads 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 at TTF. It is important to note that gas pricing mechanisms worldwide are diverse. They include: - **Exchange Trading:** Competitive pricing, as seen on TTF in Europe. - **Oil Indexation:** Linking gas prices to oil prices. - **Regulated Prices:** Direct contracts where prices are determined by the balance of supply and demand, influencing global benchmarks such as gas prices and the cost of alternative fuels (gas, oil, coal). Russian gas prices, particularly for export markets, have traditionally been heavily dependent on oil price linkages but are now more oriented towards spot markets and competitive mechanisms, although the connection 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 Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure