Gas prices in the European Union are seven times higher than in the United States.

Omissions

• The EU–US gas price ratio is highly volatile: Euronews reported that in early December 2025 TTF was trading just under USD 10/MMBtu, only about twice the price of Henry Hub (USD 5.045), i.e. far below the 7x stated at the October 2026 session.
• The comparison is between wholesale benchmark prices (Dutch TTF vs US Henry Hub) and not consumer/retail gas prices actually paid by households or industry.
• No primary official statistical source (Eurostat, ECB, EIA) explicitly states the EU/US gas price ratio for October 2026; the figure is derived from market benchmark quotations, and the exact ratio depends on the benchmark and the specific day chosen.
• The ubn.news source that literally states 'roughly seven times higher' has no verifiable publication date and its quoted context (European gas at about USD 70/MMBtu) does not match October 2026 price levels, so it may refer to an earlier period (2022–2023 energy crisis).

Sources

• SecondaryGlobal LNG Hub — Natural gas prices weekly update – JKM, TTF and Henry Hub (5 October 2026)Weekly update of JKM, TTF and Henry Hub gas prices; European benchmark quoted at 'USD 24.6/MBtu on 2 October' alongside AGSI+ EU gas storage data.
• SecondaryTrading Economics — United States Henry Hub Natural Gas Spot PriceUnited States - Henry Hub Natural Gas Spot Price was 3.03000 $ Per Mil. BTU in October of 2026, according to the United States Federal Reserve.
• SecondaryTrading Economics — EU Natural Gas (TTF)EU Gas rose to 87.70 EUR/MWh on October 16, 2026, up 1.46% from the previous day. Over the past month, EU Gas's price has risen 14.85%, and is up 175.63%.
• SecondaryEuronews — Why are European natural gas prices tumbling despite the cold winterCurrently, TTF gas trades at just under $10/MMBtu, only twice the price of Henry Hub gas, which averaged $5.045 this week.
• SecondaryUBN.news — EU gas prices are roughly seven times higher than gas prices in the USEU gas prices are roughly seven times higher than gas prices in the US... Europe's natural gas prices are trading at about $70 per million BTUs, according to Andy Lipow, president of Lipow Oil Associates.