Title Transfer Facility

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The Title Transfer Facility, more commonly known as TTF, is a virtual trading point for natural gas in the Netherlands. Set up by Gasunie in 2003, it is almost identical to the National Balancing Point (NBP) in the United Kingdom and allows gas to be traded within the Dutch Gas network. The TTF is operated by an independent subsidiary of Gasunie, Gasunie Transport Services B.V.,[1] which is the Gas Transmission System Operator in the Netherlands. Physical short-term gas and gas futures contracts are traded and handled by the ICE-Endex Exchange (Amsterdam[2]). Gas at TTF trades in euros per megawatt hour.