The increasingly global nature of natural gas, with the rise of liquefied natural gas (LNG) supply and trade, is making one of Europe’s key natural gas trading hubs into an even more important global benchmark for gas pricing and trading. The Dutch Title Transfer Facility (TTF) trading hub in the Netherlands has seen this year more open interest in gas contracts—the total number of outstanding positions held by market participants—than the open interest in the U.S. Henry Hub benchmark , data from exchange operators show. Open interest in gas contracts on TTF exceeded for the first time open interest on the Henry Hub in 2020, as traders hold a record number of more than 1.6 million open positions across futures and options traded on the Dutch hub. On the other hand, the number of open contracts on Henry Hub has declined from a 2018 record of over 1.6 million […]