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Market Insight

Brussels Wants a New European Gas Benchmark

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The EU is taking aim at replacing the Dutch TTF natural gas hub as Europe’s price benchmark in response to the ongoing energy crisis. European Commission President Ursula von der Leyen said in the EU’s State of the Union speech last week that Brussels will look into establishing a “more representative benchmark” for Europe as the TTF “has not adapted” to a changing market that is importing increasing volumes of LNG.

Topics:
Gas Prices, Gas Supply, Gas Inventories, Gas Demand, Gas Pipelines, Gas Spot Markets, LNG Prices, LNG Spot Trade, Ukraine Crisis
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