The European Commission did not immediately respond to a request for comment on ICE's statement. The exchange operator warned the Commission last week that its proposal to cap gas prices could in fact drive prices higher, according to a memo seen by Reuters, if it prompted market liquidity providers to buy back short positions and stop selling TTF gas futures.
The company CS Gas North S.A. will build the terminal. As initial customers, contracts have been signed with ConocoPhillips, INEOS, and RWE Supply & Trading.
Gasunie has joined the German H2Global Foundation. Joining as a foundation member underlines the common European resolve to transform the energy market.