Common Questions

What is ICE Endex and how does it set European gas prices?: ICE Endex is the Amsterdam-based energy derivatives exchange that hosts the TTF futures contract, the European benchmark for wholesale natural gas. Prices set on ICE Endex feed into utility contracts, storage valuations, and LNG cargo deals across the continent.Source: internal
What is the TTF gas price today?: TTF front-month settled at EUR 41.67/MWh on 17 April 2026, a six-week low, driven by Ceasefire optimism despite tighter supply from the Hammerfest LNG maintenance outage beginning 22 April.Source: internal
Is ICE Endex subject to REMIT market abuse rules?: Yes. ICE Endex and its participants are subject to EU REMIT market surveillance rules. The REMIT recast entering force on 29 April 2026 adds new transaction-reporting obligations for exchange participants.Source: internal
Why is TTF the European gas price benchmark?: TTF (Title Transfer Facility) is a virtual Dutch trading point whose futures contract on ICE Endex became the dominant European reference because of the Netherlands' role as a gas hub and the liquidity concentrated on the exchange.Source: internal
What is ICE Endex?: Amsterdam-based European energy derivatives exchange listing the TTF natural gas futures contract; part of the Intercontinental Exchange group and regulated by Dutch AFM.Source: ICE Endex
Where do TTF prices come from?: TTF settlement prices are produced by ICE Endex on its Amsterdam venue. Front-month settlement is the standard reference for European wholesale gas pricing.Source: ICE Endex
Who regulates ICE Endex?: The Dutch Authority for the Financial Markets (AFM) supervises the venue; trading conduct sits within ACER's REMIT market-surveillance regime.Source: ICE Endex / ACER
How does ICE Endex differ from AGSI+ or ENTSOG data?: ICE Endex publishes financial settlement prices for TTF futures. ENTSOG publishes pipeline flow data. AGSI+ publishes physical storage fill levels. Each covers a different layer of the gas market.Source: Lowdown editorial
Why does ACER care about ICE Endex benchmarks?: ACER's 2026 LNG price assessment Expert Group reviews whether existing ICE Endex benchmarks, designed for lower-volatility markets, adequately capture spot LNG price formation under the post-Hormuz supply regime.Source: ACER

Background

ICE Endex is the European energy derivatives exchange that lists the TTF natural gas futures contract, the benchmark pricing instrument for European wholesale gas markets. It operates as part of Intercontinental Exchange (ICE), the Atlanta-headquartered exchange group, and also lists Dutch and Belgian power futures and TTF options. TTF front-month settled at EUR 41.67/MWh on 17 April 2026 on ICE Endex, extending a six-week low driven by Ceasefire optimism, even as the forward supply calendar for 22-29 April tightened on the Hammerfest maintenance outage.

ICE Endex was formed through successive acquisitions: ICE acquired APX-Endex in 2012 and merged various European energy trading platforms, establishing Amsterdam as the hub for TTF gas futures. The TTF (Title Transfer Facility) contract it lists is a virtual trading point for Netherlands-origin gas and has become the de facto European gas benchmark, used by producers, utilities, and financial traders across the continent and in global LNG pricing. ICE Endex is regulated by the Dutch Authority for the Financial Markets (AFM) and is subject to EU REMIT market surveillance rules.

The exchange's TTF contract is the principal reference price for gas procurement contracts across Europe, storage valuation, and LNG cargo pricing. When ACER launched its April 2026 REMIT consultation, ICE Endex participants were among the directly affected reporting entities required to align with the recast obligations. The price signals produced on ICE Endex feed directly into VNG's storage investment calculus, ENTSOG's supply adequacy assessments, and the European Commission's crisis policy decisions.

ICE (Intercontinental Exchange) is the US-headquartered exchange group that operates ICE Endex, the Amsterdam-based European energy derivatives exchange that lists the TTF natural gas futures contract. TTF settlement prices cited across European Energy Markets briefings — including the EUR 46.44/MWh settlement on 4 May 2026 and the EUR 43.4 to 47.4/MWh weekly range — are drawn from ICE Endex data.

In the european-energy-markets context, ICE appears as the data source label for TTF settlement prices relayed via Trading Economics and other data vendors. ICE Endex is the direct exchange entity; ICE is the parent group. Both names appear in source citations, which is why the entity resolves to this record. ICE Endex is regulated by the Dutch Authority for the Financial Markets (AFM) and is subject to REMIT market surveillance obligations.

For energy market professionals, ICE is also the parent of ICE Data Services, whose benchmark submissions feed into ACER's LNG price assessment Expert Group. The group was convened in 2026 following ACER's concern that existing benchmarks, designed for lower-volatility markets, may not adequately capture spot LNG price formation during the Hormuz supply crisis.