High Gas Prices Persist in European Market

18:39; 15 October 2026 year

### Global Natural Gas Price Hubs: Henry Hub and TTF Two key international centers where natural gas prices are formed are the Henry Hub in the United States and the Dutch TTF Gas hub. 1. **American Market (Henry Hub)**: - **Current Price**: Dropped to $3.3 per million BTU (British Thermal Units) on Thursday. 2. **European Market (TTF)**: - **Current Price**: Adjusted to $990 per 1,000 cubic meters. #### **Henry Hub – American Gas** Henry Hub is a gas distribution hub located in Louisiana. It serves as the benchmark for natural gas prices in the U.S., traded on the New York Mercantile Exchange. The unit of measurement is British Thermal Units (BTU). To convert the price to the equivalent of 1,000 cubic meters, a conversion factor of 35.8 is used. It is important to note that this price reflects the raw cost of the gas, excluding liquefaction, transportation, and regasification costs. Therefore, end consumers in the U.S. pay significantly more for natural gas. #### **TTF – European Gas** TTF stands for Title Transfer Facility, which is the main benchmark for gas prices in Europe. It is a virtual trading platform for gas. It is worth noting that gas pricing mechanisms around the world are diverse. They include competitive market trading (like on TTF in Europe), oil-indexed pricing (linking gas prices to oil prices), regulated prices, and direct contracts where prices are determined by the balance of supply and demand, influencing 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 aligned with 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