Ttf gas

ttf gas

What is natural gas 1 (TTF)?

Natural Gas 1 – What does TTF mean after all? TTF stands for Title Transfer Facility, and it is an establishment in the Netherlands for virtual trading of futures, physical and exchange trades of natural gas.

Is TTF the future of natural gas trading in Europe?

The natural gas markets in Europe have been moving away from Long-term contracting and the coming up of TTF directly correlated with that. The other hubs for trading in northwest Europe are less liquid and the TTF maintains a positive natural gas price correlation as compared to them.

What is TTF and how does it affect LNG prices?

TTF has become the most liquid pricing location in Europe, and as such, oftentimes serves as a pricing proxy for the overall European LNG import market. However, we note TTF is a physical pipeline index, and likely will not fully include or cover the cost of liquefying natural gas or accessing the pipeline grid.

What is the date of the Dutch TTF natural gas calendar?

Dutch TTF Natural Gas Calendar (TTF=F) Date Open High Low Close* Aug 02, 2021 42.100 42.690 41.815 42.153 Aug 01, 2021 - - - - Jul 30, 2021 40.510 40.855 39.420 40.756 23 more rows ...

What is Dutch TTF gas?

Dutch TTF Gas is a leading European benchmark price. Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services (GTS), the transmission system operator in the Netherlands.

Why is TTF the best platform for natural gas trading?

One of the reasons for the rise in popularity of TTF as a gas trading platform is relatively high liquidity and price relevance. The natural gas markets in Europe have been moving away from Long-term contracting and the coming up of TTF directly correlated with that.

What does TTF mean?

From Wikipedia, the free encyclopedia The Title Transfer Facility, more commonly known as TTF, is a virtual trading point for natural gas in the Netherlands. This trading point provides facility for a number of traders in Netherlands to trade futures, physical and exchange trades.

What is Gasunie’s TTF (National Balancing Point)?

Set up by Gasunie in 2003, it is almost identical to the National Balancing Point (NBP) in the United Kingdom and allows gas to be traded within the Dutch Gas network. The TTF is operated by an independent subsidiary of Gasunie, Gasunie Transport Services B.V., which is the Gas Transmission System Operator in the Netherlands.

What does the TTF mean for the LNG market?

The TTF has become a reference point for LNG market participants. The consumers have the flexibility in terms of optimizing cargo of un-contracted volumes to both Asia and Europe. What is interesting about this growth is that it doesn’t correlate with the domestic scene in the Netherlands.

Are LNG sellers adjusting their JKM offers to TTFs?

It is interesting to see that LNG sellers now have to adjust their JKM spot and forward offers to the Dutch TTF gas hub level, a London-based LNG broker said, pointing to TTFas the current technical support for the JKM. European natural gas prices rose last week, supported by coal and carbon prices and lower flows from Norway and Russia.

Why are LNG sellers turning to the Dutch gas hub TTF?

London — Weakness in the Platts JKM market this year and its decorrelation with Brent has prompted LNG sellers to start using the Dutch gas hub TTF price as a floor for the market, an S&P Global Platts analysis found. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Is the LNG market oversupplied?

It is no secret that the LNG market has been oversupplied since Q4 2018. Surplus cargoes have flowed to Europe where a price responsive power sector has absorbed gas via switching of gas for coal plants. As such, European hubs were the key marginal clearing mechanism for the LNG market and the main driver of LNG spot prices from Q4 2018 to Q4 2019.

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