ICE sees TTF, JKM gas indices as global benchmarks
Jun 3, 2021 4:54:pm
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by: Daniel Graeber
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ICE sees TTF, JKM gas indices as global benchmarks
Intercontinental Exchange (ICE) said June 3 the record amount of activity in the Dutch Title Transfer Facility and Japan Korea Marker indices has set them up as global references for the price of natural gas.
ICE found the number of participants in the Title Transfer Facility (TTF) increased 83% over the four-year period ending in 2020. The 1.94mn contracts on May 26 set a record and marked a 21% increase over the same period from last year.
“The strong growth in trading activity and participation in the ICE TTF contract reflects how TTF is being used as a global gas benchmark,” the listing service said.
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