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The Title Transfer Facility, more commonly known as TTF, is a virtual trading point for
The Title Transfer Facility, more commonly known as TTF, is a virtual trading point for natural gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
in the Netherlands. This trading point provides facility for a number of traders in Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...
to trade futures, physical and exchange trades.
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. Wholesale gas trading at the TTF is predominantly conducted over-the-counter via interdealer brokers. Physical short-term gas and gas futures contracts are also traded and handled by the ICE-Endex Exchange (Amsterdam) and via the PEGAS exchange.
Gas at TTF trades in euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...
s per megawatt hour.
In the two decades since its inception trades at the TTF have grown exponentially and exceeded domestic volumes in the Netherlands fourteen-fold. This increase, helped by the rise of liquefied natural gas
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...
(LNG), caused the TTF to overtake the UK's National Balancing Point (NBP) as Europe's biggest gas benchmark.
See also
* *References
Natural gas in the Netherlands Natural gas trading hubs {{Netherlands-stub