What does TTF stand for?

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.

How much has TTF gas decreased since 2024?

TTF Gas decreased 5.23 EUR/MWh or 16.18% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on February of 2024.

What does Dutch TTF mean for natural gas prices?

Dutch TTF is seen as a Europe-wide natural gas price benchmark. Gas prices have been lower than expected throughout the winter of 2023/24 as warmer average temperatures across the continent translated into reduced heating gas demand and allowed suppliers to keep stockpiles high.

Why did natural gas futures turn downright ugly?

Natural gas futures turned downright ugly after cold weather caused a sudden rally in early January. The price for March delivery is approaching the $2 per MMBtu level as bearish price action grips the... March WTI crude oil (CLH24 ) on Tuesday closed up +0.53 (+0.73%), and Mar RBOB gasoline (RBH24 ) closed up +0.81 (+0.37%).