Title Transfer Facility

{{Short description|Virtual gas market place in The Netherlands}}

File:TTF natural gas.webp

[[File:Natural gas prices Europe and US.webp|thumb|400px|right|Natural gas prices in Europe and United States

{{legend-line|#ED230D solid 3px|National Balancing Point NBP (UK) natural gas prices }}

{{legend-line|#9A1860 solid 3px|Europe TTF natural gas prices}}

{{legend-line|#0376BB solid 3px|United States Henry Hub natural gas prices}}

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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.

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.,{{Cite web|url=http://www.gastransportservices.com/shippers/gts/518019/|title = Gasunie Transport Services}} 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{{cite web |url=https://www.theice.com/endex | title=ICE Endex energy exchange for gas and power |publisher=Intercontinental Exchange, Inc.}}) and via the PEGAS exchange.

Gas at TTF trades in euros 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 (LNG), caused the TTF to overtake the UK's National Balancing Point (NBP) as Europe's biggest gas benchmark.{{cite web | url=https://www.euronews.com/my-europe/2022/08/30/energy-crisis-how-a-dutch-virtual-market-sets-gas-prices-for-the-whole-of-europe |date=August 30, 2022 |title=Energy crisis: How a Dutch market sets gas prices for the whole of Europe |publisher=Euronews }}

==See also==

• {{annotated link|EU natural gas price cap}}
• {{annotated link|Natural gas prices}}