The central natural gas trading platform threatens to move out of the European Union if Brussels adopts a still-contested plan to cap prices, states the Intercontinental Exchange (ICE), operator of the Dutch Title Transfer Facility (TTF) hub, as reported by Reuters. “It is the responsibility of ICE as the market operator to consider all options if this mechanism is agreed, up to and including whether an effective market in the Netherlands is still viable.” ICE made the objection: “If agreed, the market correction mechanism will be imposed on customers and the market infrastructure with no time for resilient testing and thorough risk management.”
Set up in 2003, the TTF is the most liquid gas futures market in the region, with a wide range of gas suppliers, wholesalers and speculators trading on a daily basis.
