The massive wave of additional LNG supply, led by U.S. expansions, is further complicating Europe’s plans for a hydrogen-fueled power economy, according to European Union (EU) energy regulators.

A data table from NGI titled “U.S. Landed vs European Prices, January 2026,” dated Dec. 9, 2025, comparing estimated U.S. LNG landed prices with European natural gas futures prices across major hubs. The chart shows Henry Hub at $4.574/MMBtu and a U.S. LNG gate landed price of $5.543/MMBtu, alongside Euro and Pound exchange rates. European hub prices are listed for Belgium (ZTP), Czech Republic (CZ VTP), France (PEG), Germany (NCG), Italy (PSV), Netherlands (TTF), Slovakia (CEGH VTP), Spain (PVB), and the UK (NBP), with local currency values converted to $/MMBtu and differences to the U.S. GLP highlighted. The visualization emphasizes that all European benchmark prices for January 2026 remain significantly above U.S. landed LNG costs.

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Green hydrogen capacity lags behindU.S. LNG export capacity set to doubleAffordable natural gas challenges hydrogen costs