TTF - the clear leader in European gas hub development

Traded volumes across European hubs continued to increase significantly in 2019. Surplus LNG in the global market led to significant additional LNG imports into Northwest Europe. Total daily trade across the growing number of hubs doubled between 2013 and 2019. This increase reflects the trend of shifting from long-term, oil-indexed contracts, to shorter term, hub-based contracts, supplemented with growing volumes of spot trades to balance positions. The UK’s NBP was the first significant pricing hub in Europe and up to 2014 was the key pricing point. Since then, a number of other hubs have emerged across the continent, with the Dutch TTF being the most prominent. TTF is now the clear leader in European gas hub trading volumes and liquidity.