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The gas on the Dutch TTF goes over 300 euros per Mw / h, with ridiculous exchanges. They want to make the EU fail and they will succeed

Today natural gas in the so-called TTF market has reached another record, exceeding 300 euros per MW / h, as you can see in the following graph

The funny thing is that it is an ILLIQUID AND SPECULATIVE market. Yesterday there were as many as 22 (say twenty-two) transactions that exchanged 190 MW / h to fix the price of the TTF. 190 MW / h is zero, one-tenth the power of a medium-large gas-fired power plant, yet this price is the basis of the drainage that happens with your bills.

The TTF price also influences, as noted yesterday by Giraldo on Libero, the ICE price on futures delivered in September, a market that today trades 100 times what TTF trades and which is a market without real hedging. In this moment of crisis, it is admitted that the ICE exchanges "paper gas" in favor of speculators. Nobody had the guts to impose at least the real coverage of the contracts.

The fools who get angry about their bills take it out on ENI's "Useful extras", but ENI really looks for and extracts the gas. At this stage it is the only body trying to get busy. Instead they say nothing about this enormous distortion of the TTF, wanted by the European Union, or of the ICE market. Obviously, someone has an interest in not disturbing the real drivers and in admitting that yet another European choice was a can.


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The article The gas on the Dutch TTF goes over 300 euros per Mw / h, with ridiculous exchanges. They want to make the EU fail and they will succeed comes from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-gas-sul-ttf-dutch-va-oltre-i-300-euro-al-mw-h-con-scambi-ridicoli-vogliono-far-fallire-la-ue-e-ci-riusciranno/ on Thu, 25 Aug 2022 11:20:02 +0000.