Timeline
TTF
Europe's benchmark wholesale gas hub; the reference price for EU supply contracts and LNG arbitrage.
158 of 158 entries (156 events, 2 interactions)
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#32 2 Aug
Record solar takes the German spark negative
European Energy Markets#31 31 Jul
Mentioned in: Same wind, two prices: solar sets gap
European Energy Markets#31 31 Jul
European Energy Markets · source event
#31 30 Jul
Held flat near EUR 58 to EUR 60 through the window
European Energy Markets: German gas plants back in profit#30 26 Jul
Fell 8 per cent off its highest print since January 2023 as the strike halt held
European Energy Markets: TTF breaks 8% off a three-year high#30 26 Jul
Fell 8 per cent without bringing German gas plants back onto the merit order
European Energy Markets: German gas plants ignore cheaper fuel#30 26 Jul
Fell 8 per cent while power fell twice as fast
European Energy Markets: German spark spread hits cycle worst#30 26 Jul
Mentioned in: Carbon sits still as gas and power dive
European Energy Markets#30 24 Jul
Mentioned in: Strike halt lands across two days
European Energy Markets#30 23 Jul
Traded near EUR 63.50/MWh the same day the spark spread briefly turned positive
European Energy Markets: Friday's German spark briefly broke even#29 22 Jul
Settled EUR 62.4/MWh, its highest since the war began
European Energy Markets: Spark stays negative, French edge erodes#31 21 Jul
Mentioned in: German caverns restart a day after stall
European Energy Markets#29 21 Jul
Traded above EUR 62/MWh
European Energy Markets: German caverns quit the prompt-gas bid#28 19 Jul
Priced into German CCGT marginal cost at EUR 102-108/MWh
European Energy Markets: German gas plants priced out of merit#28 19 Jul
Settled EUR 59.135/MWh, up 7.5% across three sessions
European Energy Markets: Gas prices a strait nobody can verify#27 16 Jul
Mentioned in: German power climbs to EUR 156, spark flips
European Energy Markets#27 15 Jul
Rallied 9% over two sessions to EUR 54.995
European Energy Markets: TTF hits EUR 55 on a Hormuz toll#27 15 Jul
Traded above the JKM-equivalent for the first time this cycle
European Energy Markets: The arb flips west; no cargo follows#26 13 Jul
Round-tripped back over EUR 50/MWh by 13 July on Hormuz risk
European Energy Markets: TTF round-trips back above EUR 50#26 11 Jul
Mentioned in: Storage and Norway absorb the gas shock
European Energy Markets#25 9 Jul
Re-crossed EUR 50 on a four-session climb of roughly 13%
European Energy Markets: TTF back over EUR 50 on withdrawn cargo#25 9 Jul
Firmed 13% without a matching CCGT margin cushion
European Energy Markets: Two shocks squeeze the spark, not FR-DE#25 9 Jul
Mentioned in: Qatar halts LNG ramp on carrier strike
European Energy Markets#23 3 Jul
Mentioned in: Hormuz stand-down has not reopened the strait
European Energy Markets#24 30 Jun
Settled at a two-week high without repricing on physical supply
European Energy Markets: LNG carriers run under a separate cap#22 30 Jun
Mentioned in: Clean spark spread reaches EUR 74
European Energy Markets#22 30 Jun
Round-tripped EUR 43.6 to EUR 40.6 to EUR 43.62 over 27-30 June, closing the quarter down more than 14%
European Energy Markets: TTF round-trips on Hormuz, ends Q2 down#22 29 Jun
Traded at or above JKM on a USD basis in late June, becoming the more expensive cargo destination
European Energy Markets: LNG arb hits parity, Qatar trains dark#22 27 Jun
Settled in the low EUR 40s, dissolving the contention between cavern-filling and power-burn
European Energy Markets: Germany flips to hard net injection#21 25 Jun
EUA carbon breaks EUR 80 as gas sags
European Energy Markets#21 23 Jun
Mentioned in: French reactors curtail on river heat
European Energy Markets#20 22 Jun
Mentioned in: June injections trail last year by 16%
European Energy Markets#20 22 Jun
TTF recovers to EUR 42.59, range-bound
European Energy Markets#20 22 Jun
Goldman and OIES split the winter
European Energy Markets#20 22 Jun
Mentioned in: France clears below Germany by EUR 17
European Energy Markets#21 22 Jun
JKM-TTF arb collapses as tankers return
European Energy Markets#20 22 Jun
German spark turns firmly positive now
European Energy Markets#19 17 Jun
Mentioned in: Asia clears the LNG queue first
European Energy Markets#18 17 Jun
Mentioned in: The ban's own text makes it porous
European Energy Markets#19 16 Jun
Fell 6% to EUR 41.12/MWh on 17 June, removing the Iran risk premium that had held EUR 50 as a ceiling
European Energy Markets: German spark spread flips +EUR 15#19 16 Jun
Fell to EUR 41.12/MWh on ban-binding day, extending the sub-EUR 46 slide with no snap-back
European Energy Markets: TTF settles EUR 41 as the ban binds#19 16 Jun
CEGH pays a one-day ban premium
European Energy Markets#19 16 Jun
Mentioned in: OIES puts refill on track for 70%
European Energy Markets#19 16 Jun
Mentioned in: Qatar restart leaves a fifth out
European Energy Markets#18 15 Jun
Fell roughly 12% over four sessions, breaking through the EUR 46-47 floor
European Energy Markets: TTF breaks its floor into the import ban#18 15 Jun
Mentioned in: German CCGT shut-in is the demand depressant
European Energy Markets#18 12 Jun
Implied USD 13.6/MMBtu equivalent on 12 June, leaving a USD 5.26 arb in Asia's favour
European Energy Markets: The squeeze is the LNG the ban misses#17 11 Jun
Held above EUR 50 for four sessions, settling EUR 50.26 on 11 June
European Energy Markets: Physical spreads split from the prompt#17 11 Jun
Settled EUR 50.26/MWh, absorbing Central European premium
European Energy Markets: Central European gas basis nearly vanishes before ban#16 8 Jun
Settled EUR 50.83/MWh, breaking above its six-week diplomatic ceiling
European Energy Markets: TTF closes above EUR 50 on Iran re-rate#16 8 Jun
Mentioned in: German clean spark spread holds negative
European Energy Markets#16 8 Jun
Mentioned in: Russian pipeline ban binds in nine days
European Energy Markets#15 4 Jun
Mentioned in: EU storage clears 40% but trajectory lags
European Energy Markets#15 2 Jun
Mentioned in: GMTF calls EU gas markets 'functioning well'
European Energy Markets#15 2 Jun
TTF breaks 38-session range to EUR 48.9
European Energy Markets#16 1 Jun
Served as the reference leg for the JKM-TTF arbitrage calculation
European Energy Markets: JKM-TTF arb halves, still points Asia#13 29 May
Mentioned in: EU storage margin narrows to 45 GWh/day
European Energy Markets#13 29 May
Mentioned in: May heatwave squeezes injection to 0.3 pp/day
European Energy Markets#14 29 May
Traded at a discount to Central European delivered-gas prices by more than EUR 2/MWh
European Energy Markets: ACER calls EU gas congestion normal#13 28 May
range-traded EUR 46-47/MWh on 28 May, confirming EUR 50 diplomatic ceiling remains intact
European Energy Markets: TTF holds EUR 46-47 range; NBP reaches parity#14 28 May
Mentioned in: Carbon claws back its 11 May cut
European Energy Markets#13 27 May
Mentioned in: Central EU hub premiums top EUR 2/MWh above TTF
European Energy Markets#13 27 May
Mentioned in: ACER 11 June workshop is REMIT enforcement, not storage
European Energy Markets#14 27 May
Traded in inverted strip structure eliminating commercial injection incentive
European Energy Markets: FNB Gas calls refill model broken#13 27 May
Mentioned in: Russian LNG hits quarterly record; double cliff looms
European Energy Markets#12 26 May
Spiked to EUR 51.82 on 25 May then fell 8.1% to EUR 47.60 on 26 May on US-Iran deal reports
European Energy Markets: TTF confirms EUR 50 as a ceiling#12 24 May
Mentioned in: Germany fills at 0.50 pp/day, no scheme
European Energy Markets#12 24 May
Mentioned in: Netherlands fills at 13.9% on EBN alone
European Energy Markets#12 24 May
Mentioned in: EU refill doubles on a regulated base
European Energy Markets#12 24 May
Timera puts a number on the inversion
European Energy Markets#11 22 May
Mentioned in: Germany cannot inject at this price
European Energy Markets#11 22 May
Retraced from EUR 50.17 to EUR 47.69 over four sessions as diplomatic signal replaced physical supply driver
European Energy Markets: TTF retraces to EUR 47.69 on Trump#11 21 May
Mentioned in: FR-DE day-ahead spread doubles to EUR 46.58
European Energy Markets#11 19 May
Mentioned in: Equinor locks in five-year retail strip
European Energy Markets#11 18 May
Mentioned in: Chemicals 62-68% as the new running floor
European Energy Markets#10 18 May
Broke EUR 50/MWh band on 18 May, an 11% weekly gain
European Energy Markets: TTF breaks EUR 50; US LNG hits 58%#10 17 May
Mentioned in: Storage gap widens to 18.7 pp, the series widest
European Energy Markets#11 15 May
Mentioned in: Golden Pass routes Qatari LNG via Texas
European Energy Markets#9 12 May
Settled at EUR 47.23/MWh, breaking above the EUR 43-47 band on geopolitical signal
European Energy Markets: TTF breaks band on Trump life-support line#9 12 May
Mentioned in: France swings 88% as FR-DE spread halves
European Energy Markets#9 12 May
Mentioned in: Storage 35.4% met, 80% trajectory missed
European Energy Markets#13 11 May
Mentioned in: EC benchmark revision slashes EUA consensus 13%
European Energy Markets#9 9 May
Traded below the EUR 70 ceiling that triggered 2022 closure decisions, yet still destroying marginal Verbund unit economics at EUR 47 spot
European Energy Markets: BASF flags Verbund freezes; Q1 EBITDA -6%#8 8 May
Held EUR 43-47/MWh band through Project Freedom collapse and Iran permit announcement
European Energy Markets: TTF holds EUR 43-47 through Hormuz week#9 7 May
Traded at a narrowing discount to JKM, reducing Asia's price advantage for spot LNG cargoes
European Energy Markets: JKM-TTF spread narrows to USD 2.30#9 5 May
Mentioned in: Equinor NOK 17bn drilling; Eirin first gas
European Energy Markets#8 5 May
Mentioned in: Germany at 27.2%; pace track 52% by Nov
European Energy Markets#7 4 May
Project Freedom moves TTF only 1.48%
European Energy Markets#7 4 May
Mentioned in: Reuters cuts TurkStream YoY drop to 1.7%
European Energy Markets#7 4 May
Mentioned in: Six Arc7 carriers face binary maintenance fork
European Energy Markets#7 4 May
Settled EUR 46.44/MWh on 4 May within the weekly EUR 43.4–47.4/MWh range
European Energy Markets: TTF settles EUR 46.44 inside tight weekly range#7 2 May
Settled EUR 46.44/MWh on 4 May, pricing storage trajectory as resolved
European Energy Markets: Storage at 33.06% trails 80% November floor#7 30 Apr
Mentioned in: OIES frames Iran shock as multi-year
European Energy Markets#7 29 Apr
Mentioned in: REMIT 2.0 hits first 14-day reporting deadline
European Energy Markets#5 29 Apr
Mentioned in: Madrid Forum 29-30 April is the post-REMIT venue
European Energy Markets#6 28 Apr
Mentioned in: France-Germany May power spread doubles record
European Energy Markets#6 28 Apr
Mentioned in: EU storage 32%, refill pace below target
European Energy Markets#6 27 Apr
Mentioned in: TurkStream April flows down 25%: single source
European Energy Markets#6 27 Apr
Mentioned in: Mubaraz: first loaded LNG out of Hormuz
European Energy Markets#5 26 Apr
Mentioned in: BBL halved, IUK drops in October: GB-Continent link cut
European Energy Markets#5 26 Apr
Mentioned in: Italy-France day-ahead spread hits EUR 153/MWh
European Energy Markets#5 25 Apr
Mentioned in: IEA pivots: Hormuz delay now multi-year, not mid-year
European Energy Markets#5 25 Apr
Faced tightening risk from price-insensitive state-backed injection at the hub
European Energy Markets: Netherlands at 8.95%, with state-backed buyer behind it#5 25 Apr
Settled at EUR 44.86/MWh on 25 April, showing muted response to ban entry
European Energy Markets: EU Russian LNG ban begins; TTF barely flinches#5 25 Apr
Mentioned in: Germany triples injection rate into ban day
European Energy Markets#5 24 Apr
Mentioned in: Cyprus Council endorses coordination, not mechanism
European Energy Markets#5 23 Apr
Mentioned in: ACER: US LNG now 30% of EU gas imports
European Energy Markets#5 23 Apr
Mentioned in: Bruegel resolves refill bill at EUR 26bn
European Energy Markets#4 22 Apr
Recovered EUR 4.12/MWh from seven-week low as market repriced Iran Hormuz re-closure
European Energy Markets: TTF closes at EUR 42.39 after Hormuz swing#4 22 Apr
Mentioned in: IRGC seizes Epaminondas and MSC Francesca
European Energy Markets#4 22 Apr
Mentioned in: EU needs 469 TWh injection, 39 extra cargoes
European Energy Markets#6 22 Apr
Mentioned in: Druzhba restart unblocks EUR 90bn EU loan
European Energy Markets#3 22 Apr
Mentioned in: [RETRACTED] Equinor shuts Hammerfest LNG from 22 April
European Energy Markets#4 22 Apr
Mentioned in: [RETRACTED] Hammerfest LNG shuts for 80-day planned maintenance
European Energy Markets#4 21 Apr
Mentioned in: Trump extends Iran ceasefire at Pakistan request
European Energy Markets#4 20 Apr
Mentioned in: IEEFA: gas still sets EU power at EUR 120-150
European Energy Markets#4 18 Apr
Mentioned in: Iran re-closes Hormuz after one-day opening
European Energy Markets#3 17 Apr
Settled at EUR 41.67/MWh on 17 April, extending six-week low
European Energy Markets: TTF trades EUR 41.67 intraday, extending six-week low#3 17 Apr
Mentioned in: EC confirms 22 April energy crisis package
European Energy Markets#3 17 Apr
#2 15 Apr
Mentioned in: Bruegel data: record March LNG was pre-ban loading
European Energy Markets#2 15 Apr
Settled at a six-week low of EUR 42.26/MWh on ceasefire optimism
European Energy Markets: TTF trades at EUR 42.26 on ceasefire hope#2 15 Apr
Mentioned in: Spain power jumps 148% in two days on low wind
European Energy Markets#2 15 Apr
Mentioned in: Five energy deadlines land in nine days
European Energy Markets#2 15 Apr
Mentioned in: Asian LNG down 8.6% as Wheatstone stays offline
European Energy Markets#2 15 Apr
Mentioned in: EDF March output highest since 2019
European Energy Markets#2 15 Apr
Mentioned in: Cefic: 37Mt of EU chemical capacity gone
European Energy Markets#2 15 Apr
Mentioned in: Russian LNG ban lands 25 April, no replacement named
European Energy Markets#1 13 Apr
Fell 20% to EUR 44/MWh on ceasefire then rebounded to EUR 47/MWh on Hormuz threat
European Energy Markets: TTF swings EUR 9 in a week#2 13 Apr
Mentioned in: EU LNG terminals drew 163kt in three days
European Energy Markets#1 13 Apr
Mentioned in: Trading desks stretch to 21-hour days
European Energy Markets#1 13 Apr
Mentioned in: JPMorgan warns on chemicals margin squeeze
European Energy Markets#1 12 Apr
Mentioned in: German storage deficit deepest in EU
European Energy Markets#3 10 Apr
Mentioned in: Final pre-conflict Qatari LNG tanker docks UK
European Energy Markets#1 9 Apr
Mentioned in: Commission cuts storage target to 80%
European Energy Markets#1 9 Apr
Mentioned in: ACER rewrites REMIT rules with 20-day window
European Energy Markets#2 5 Apr
Mentioned in: Serbia intercepted 4kg TurkStream bomb plot
European Energy Markets#2 4 Apr
Mentioned in: First LNG tanker crossed Hormuz since February
European Energy Markets#11 2 Apr
Mentioned in: Stegra finishes 740 MW Boden electrolyser
European Energy Markets#3 1 Apr
Mentioned in: IEA logs Hormuz LNG loss at 2 bcm weekly
European Energy Markets#1 1 Apr
Mentioned in: Eight LNG cargoes diverted to Asia
European Energy Markets#1 1 Apr
Mentioned in: Renewables pass fossil fuels, gas bill rises
European Energy Markets#9 31 Mar
Traded at EUR 43-47 during the curtailment period, below the EUR 70 threshold of the 2022 crisis exit
European Energy Markets: Yara curtailed 25% of European output#44 20 Mar
Mentioned in: IEA: 8m barrels/day — record disruption
Iran Conflict 2026#41 17 Mar
Mentioned in: Diesel at $5.07; inflation fears mount
Iran Conflict 2026#25 7 Mar
Mentioned in: Qatar loads first LNG cargo
Iran Conflict 2026#22 5 Mar
Mentioned in: Iran fires 14 missiles at Qatar
Iran Conflict 2026#22 5 Mar
Mentioned in: Macron orders Charles de Gaulle to Med
Iran Conflict 2026#22 5 Mar
Mentioned in: France opens military bases to US forces
Iran Conflict 2026#22 5 Mar
Mentioned in: China sends envoy to protect Gulf LNG
Iran Conflict 2026#22 5 Mar
Mentioned in: EU and Gulf states condemn Iran jointly
Iran Conflict 2026#20 4 Mar
Mentioned in: Iran fires on Al Udeid, Gulf air hub
Iran Conflict 2026#20 4 Mar
Mentioned in: Dutch TTF retreats to €48 on ceasefire
Iran Conflict 2026#17 4 Mar
Mentioned in: European warships move toward the Gulf
Iran Conflict 2026#16 3 Mar
Mentioned in: Euro and yen fall as energy costs rise
Iran Conflict 2026#16 3 Mar
Mentioned in: EU gas a month from critical low point
Iran Conflict 2026#16 3 Mar
Mentioned in: European gas nearly doubles in one week
Iran Conflict 2026#13 1 Jan