Gas: Friday Trading Results

20:26; 09 October 2026 year

### Russian Natural Gas Prices Depend on Global Gas and Oil Prices The main global benchmarks for natural gas prices are as follows: 1. **Henry Hub (USA)** - Current price: Fell to $3 per million BTU (British Thermal Units) on Friday. 2. **TTF (Netherlands)** - Current price: Slight increase to $903 per 1,000 cubic meters. #### 1. Natural Gas in the USA (NG) The benchmark price for natural gas in the United States is set at the Henry Hub storage facility in Louisiana. #### 2. European Gas European gas trading takes place primarily on European gas hubs, with the Dutch TTF Natural Gas hub being the largest. The TTF hub 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 this hub. Russian gas prices, particularly for export markets, have traditionally been heavily dependent on oil-indexed pricing, but now are more aligned with spot markets and competitive mechanisms, although a link to energy prices remains. Global gas pricing mechanisms 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). Reviewed by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management, Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation.

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