Free Trial

Companies Call for New Market Benchmark Instead of TTF

NATURAL GAS

Greek state supplier Depa Commercial joined Spain’s Naturgy Energy in calling for European energy markets to stop using TTF to set prices.

  • TTF “no longer reflects the balance between supply and demand according to Depa CEO on Thursday.
  • “We cannot accept the speculation caused by derivative trading that has led to excessively high gas prices that do not reflect the true cost of gas”
  • “The current supply of LNG in Europe combined with the high levels of gas storage already achieved should have led to lower price levels”
  • “It’s more efficient for the EU to create a new market index with liquid reference built on real supply and demand balance”

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.