Title Transfer Facility (TTF) and the Gas Exchange

The Title Transfer Facility (TTF) is a virtual market place where GTS offers market parties the opportunity to transfer gas that is already present in the GTS system (‘entry-paid gas’) to another party. Using TTF, gas that is brought into the national gas transmission grid via an entry point can easily change ownership before it leaves the national gas transmission grid at an exit point. TTF serves to promote gas trading.
TTF can serve as a virtual entry point in the portfolio of a shipper or trader who buys gas on TTF, or as a virtual exit point in the portfolio of a shipper or trader who sells gas on TTF.

GTS registers the title transfers of gas via TTF by means of a ‘nomination’. This is an electronic message stating the volumes of gas transferred, the period, and the purchasing and selling parties.

GTS-admitted shippers and traders with a TTF subscription are permitted to trade on TTF. A fixed monthly fee is charged for subscriptions. Apart from the subscription, the traded volume of energy is also subject to a variable tariff. The variable tariff consists of a tariff per kWh for volumes between 0 and 4 billion kWh and a tariff for volumes exceeding 4 billion kWh. The tariff will be charged to both buyer and seller at TTF.

It is possible for a recognised shipper to enter into a balancing relationship on TTF with another recognised shipper. A balancing relationship is a relationship between two shippers on TTF, facilitated by GTS, whereby both parties agree that a previously unspecified quantity of gas will be transferred on TTF from the offering shipper in the balancing relationship to the receiving shipper in the balancing relationship. The quantity of gas is subsequently determined on the basis of the allocations of the receiving shipper.

The existence of TTF makes it simpler for a gas exchange to operate. Via a gas exchange a shipper or trader can buy gas or offer it for sale anonymously on TTF without the other party in the gas transfer being known to the shipper. The gas exchange operator is responsible for bringing together the gas required or being offered for sale, and for the financial transaction.
If the gas is traded via a gas exchange, the gas exchange operator will register the TTF nomination for the shippers concerned. The balance of transactions between the gas exchange operator and the shipper or trader will also be nominated. A TTF subscription with GTS is required for trade via the gas exchange on TTF.

At the moment APX-ENDEX has been appointed by the Ministry of Economic Affairs for the Dutch gas market. APX-ENDEX operates as a physical, short-term exchange with delivery on TTF. Future contracts are traded on ENDEX, also with delivery on TTF.

To apply for a TTF subscription you can fill in the subscription form on our application forms page.

List of Registered TTF users

This list features shippers who have contracted the TTF service with GTS and have given their consent to publish their name and contact details on the GTS web site.
If you are entitled to trade on the TTF and would like to be added to this list or make a change in the contact details please fill in the TTF publication form on our application forms page.
You can do so by fax or e-mail (info@gastransport.nl).

To apply for a TTF subscription you can fill in the subscription form on our application forms page.