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EU Plans to Extend Gas Cap to 10 Other Trading Venues

NATURAL GAS

The European Commission plans to extend a temporary natural gas price cap on the Dutch TTF hub to 10 other trading venues on the same conditions according to Bloomberg.

  • The decision comes following an assessment that the ceiling didn’t have a negative impact on financial or energy markets.
  • The commission’s regulation will cover Trading Hub Europe, Gas exchange point - North (PEG), Punto di Scambio Virtuale (PSV), Zeebrugge Beach (ZEE), Virtual Balancing Point (PVB), Central European Gas Hub (CEGH), Exchange Transfer Facility (ETF), Zeebrugge Trading Point (ZTP), Czech virtual trading point (CZ VTP) and Hungarian virtual trading point (MGP).
  • The current temporary market correction mechanism capping TTF natural gas prices at €180 applied from 15 Feb for a year.
  • The extended cap would come into force on 1 April.
Energy BulletsCommodities
Energy BulletsCommodities

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