Ttf gas price

ttf gas price

What are Dutch TTF gas prices?

Dutch TTF gas futures reached 116.08 euros per megawatt hour on December 13, 2021 for contracts with delivery in January 2022. Dutch TTF gas prices are seen as a Europe-wide natural gas benchmark. Gas prices have been rising to record highs across Europe as the continent experiences a supply shortage.

What happened to natural gas prices in February?

February Nymex natural gas (NGG22 ) on Wednesday closed up by +0.165 (+4.44%). Natural gas prices on Wednesday settled sharply higher on forecasts for below-normal U.S. temperatures, which should boost... February WTI crude oil (CLG22 ) on Wednesday closed up +0.86 (+1.12%), and February RBOB gasoline (RBG22 ) closed up +1.58 (+0.69%).

What drives LNG spot prices in Europe?

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.

What will the price of EU natural gas be in 2022?

EU Natural Gas - data, forecasts, historical chart - was last updated on March of 2022. EU Natural Gas is expected to trade at 109.63 EUR/MWh by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 147.51 in 12 months time.

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 are TTF costs so high in the Netherlands?

There can be a number of reasons for an impressive increase in the cost of TTF volumes for immediate delivery, including limited gas production in Norway that provides Netherlands with the largest flow, modest LNG imports as well as higher injection rates in the Dutch UGS in comparison with Germany or Austria.

How much does it cost to open a TTF futures contract?

FYI, just so you know the Dutch TTF (title transfer facility futures is about €29,000 or $33,000 just for the margin to open the contract u... Show more Saved.

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.

Why did European imports of LNG rise 56% in H1 2022?

European imports of LNG rose about 56% in the first half of 2022 compared with the same period in 2021, Refinitiv data showed, reflecting more capacity in the United States and high prices in Europe attracting more cargoes.

Is the LNG market returning to the spot market?

Bloomberg reported that Petronet LNG Ltd. and Indian Oil Corp. have awarded tenders for delivery in the coming months, signaling a return to the spot market as a surge in Covid-19 cases has slowed. Demand from China is also elevated, with more end users there buying on the spot market despite higher prices.

Why is Asia pulling LNG cargoes away from Europe?

Strong natural gas demand in Asia, where prices are at a premium, has continued to pull liquefied natural gas (LNG) cargoes away from Europe. Norwegian pipeline imports have been cut due to seasonal maintenance, while work at LNG import terminals continues.

Why is natural gas so expensive in Europe?

The natural gas crunch and the sky-is-the-limit rally in electricity prices are most evident in Europe. But the increased interdependence among regional gas markets in the U.S., Asia, and Europe in recent years now means that natural gas price spikes in one region cannot be ignored by the markets in the other regions.

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