Saturday 19 September 2026 · Jessica, Downtown · 15 s
Jessica · Downtown · New York · salt 84 wearing Tom FordSame gas, nine times the price. Europe's energy problem is gas, and America is selling it.
European gas (the Dutch TTF contract) settled at €79.52 a megawatt-hour on 18 September, about $26.76 per million BTU at the day's euro rate, and nearly triple its €28.57 on 2 January. US gas at Henry Hub settled at $2.91. Brent crude is $103.87, up 71% this year, after Iran attacked ships near the Strait of Hormuz on 10 September. Energy pushed euro-area inflation back up to 3.3% in August. Cheniere Energy, the biggest US gas exporter, is up 36% this year; Equinor, Norway's gas company, is up 80%. Germany's stock market is down 1% this year while the S&P 500 is up 11.5%.
in plain EnglishNatural gas heats homes, runs factories and makes electricity. America produces its own, so a unit of gas costs about three dollars here. Europe has to import most of its gas by pipeline or by ship, and this year the price there has nearly tripled to about nine times the American price. Oil is expensive everywhere because of the fighting around the Strait of Hormuz, but oil is the same price for everyone; gas is where Europe pays more. The gas Europe is buying increasingly comes from American export terminals, which is why the American exporters are among the year's best-performing shares while Germany's market is flat.
Reported Saturday 19 September 2026 · every number dated to its source, latest 18 September 2026
1 · evidence every number, with its source and its date
$2.91 per million BTU · settlement 18 Sept
US gas · Henry Hub front month
CME settlements on the AirPort tape (NGV26) · 2026-09-18
€79.52 a megawatt-hour · settlement 18 Sept
Europe gas · Dutch TTF front month
CME settlements on the AirPort tape (TTFV6) · 2026-09-18
$26.76 per million BTU · 9.2× Henry Hub · euro at $1.1484
Europe gas in dollars
TTF ÷ 3.412 × EURUSD, both on the AirPort tape · 2026-09-18
+178% · from €28.57 on 2 Jan · high €82.05 on 10 Sept
Europe gas this year
CME settlements on the AirPort tape · 2026-09-18
−20% · from $3.62 on 2 Jan
US gas this year
CME settlements on the AirPort tape · 2026-09-18
"European gas prices hit highest level since 2023" · NL Times
Europe gas headline
live news wire on the tape, 9 Sept 22:15 UTC · 2026-09-09
$103.87 · +71% from $60.75 on 2 Jan
Brent crude
CME settlements on the AirPort tape (BZX6) · 2026-09-18
"Iran Attacks 10 Ships Near Strait Of Hormuz, Brent Crude Surges Above $100" · Free Press Journal
Why oil is over $100
live news wire on the tape, 10 Sept 09:15 UTC · 2026-09-10
3.3% in August · "Energy prices pushed Europe inflation rate to 3.3%" · Baystreet
Euro-area inflation
live news wire on the tape, 4 Sept · 2026-09-04
3.4% in August (CPI)
US inflation, for comparison
FRED CPIAUCSL on the tape · 2026-08-01
+36% · $268.34 · from $197.79 on 2 Jan
Cheniere Energy (LNG), the biggest US gas exporter
regular-session closes · the AirPort tape · 2026-09-18
+80% · $44.10 · from $24.55 on 2 Jan
Equinor (EQNR), Norway's gas company
regular-session closes · the AirPort tape · 2026-09-18
+33% · $163.18 this year
Exxon (XOM)
regular-session closes · the AirPort tape · 2026-09-18
−1.0% vs +11.5% this year
Germany's market (EWG) vs the S&P 500 (SPY)
regular-session closes · the AirPort tape · 2026-09-18
US to supply up to 75% of Europe's LNG imports by 2028 under the $750bn EU–US energy deal
US gas to Europe
news on the tape (Benzinga), 10 Sept 2025 · 2025-09-10
Europe gas · Dutch TTF front month, € per megawatt-hour+178.3% since 2026-01-02
open €28.57 2026-01-02now €79.52 2026-09-18from the high -3.1%154 trading days · CME settlements on the AirPort tape
US gas · Henry Hub front month, $ per million BTU-19.5% since 2026-01-02
open $3.62 2026-01-02now $2.91 2026-09-18from the high -40.3%155 trading days · CME settlements on the AirPort tape
Brent crude front month, $ a barrel+71.0% since 2026-01-02
open $60.75 2026-01-02now $104 2026-09-18from the high -9.2%147 trading days · CME settlements on the AirPort tape
Cheniere Energy (LNG)+35.7% since 2026-01-02
open $198 2026-01-02now $268 2026-09-18from the high -9.6%179 trading days · regular-session closes from the AirPort tape
Equinor (EQNR)+79.6% since 2026-01-02
open $24.55 2026-01-02now $44.10 2026-09-18from the high -3.6%179 trading days · regular-session closes from the AirPort tape
Germany (EWG)-1.0% since 2026-01-02
open $42.56 2026-01-02now $42.15 2026-09-18from the high -5.6%179 trading days · regular-session closes from the AirPort tape
2 · relations who this touches
3 · history · 4 · analogues · 5 · ask Pro
AirPort has been watching this since before it was news. The trail, the last times this shape happened, and Ask, scoped to this story.GO DEEPER