Global Gas Market Experiences Correction

19:11; 16 April 2026 year

### Two Key International Hubs Setting Natural Gas Prices: Henry Hub and TTF Gas 1. **American Market (Henry Hub):** - Current price: dropped to $2.6 per million BTU (British Thermal Units) on Thursday. 2. **European Market (TTF):** - Current price: adjusted to $515 per 1,000 cubic meters. **Henry Hub:** Henry Hub is the benchmark for natural gas prices in the United States. It is a physical hub located in Louisiana where gas is traded on the New York Mercantile Exchange (NYMEX). The price is quoted in BTUs, and to convert it to the equivalent price per 1,000 cubic meters, a factor of 35.8 is used. This price reflects the raw cost of gas, excluding liquefaction, transportation, and regasification costs. Therefore, the final price paid by consumers in the U.S. is significantly higher. **TTF:** TTF stands for Title Transfer Facility, which is the primary benchmark for gas prices in Europe. It is a virtual trading platform where gas is traded. **Global Gas Pricing Mechanisms:** Global gas pricing mechanisms are diverse and include competitive market trading (like TTF in Europe), oil-indexed pricing (linking gas prices to oil prices), regulated prices, and direct contracts where prices are determined by supply and demand dynamics, influencing global benchmarks such as gas, oil, and coal prices. Russian gas prices, particularly for export markets, have traditionally been linked to oil prices but are now more influenced by spot markets and competitive mechanisms, although the connection to energy prices remains. This overview was presented by Alexey Grishchenko, Ph.D., 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.

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