Title Transfer Facility (TTF) and the Gas Exchange
The Title Transfer Facility (the 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 the 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. The TTF serves to promote gas trading.
The TTF can serve as a virtual entry point in the portfolio of a shipper or trader who buys gas on the TTF, or as a virtual exit point in the portfolio of a shipper or trader who sells gas on the TTF. Four gas quality categories are traded (H, L, G, and G+).
GTS registers the title transfers of gas via the 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 the 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 the TTF.
The existence of the TTF makes it possible for a gas exchange to operate. Via a gas exchange a shipper or trader can buy gas or offer it for sale anonymously on the 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 shipper. 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 a gas exchange.
At the moment two companies have been appointed by the Ministry of Economic Affairs as gas exchanges for the Dutch gas market , i.e. APX Gas NL B.V. en ENDEX N.V. APX operates a physical, short-term exchange with delivery on TTF. Future contracts are traded on Endex, also with delivery on TTF.
Please see at Online application forms to apply for booking.
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 TTFdocument and return it to GTS. You can do so by fax or e-mail (info@gastransport.nl).
