A big jump in gas at the TTF in Amsterdam which raises concerns in view of the next energy bills. The TTF (Title Transfer Facility) is the main virtual reference market for gas trading in Europe which is based in Amsterdam, Holland and reported a large increase in the cost of gas on the first day of opening of the markets after the attack on Israel by Hamas, Monday 9 October.
This is an increase of 12% in just one day which brings back the increase in the period of the crisis with Russia. An increase which, obviously, will be seen on the next bills and which could cost Italians dearly, especially if the international socio-political situation does not calm down over the next few weeks.
Prices have risen: methane above 43 euro megawatt hours
The prices of the TTF in Amsterdam, the European reference market, rose by 12,5% in a single session, bringing the price of methane above 43 euros per megawatt hour. Due to its proximity to the conflict zone it was the Tamar oilfield platform north of Gaza was temporarily closed. This obviously influenced the already complex situation, causing prices to rise. As reported by CourierAccording to the American Chevron, which manages it, Tamar supplies 70% of Israel's needs for electricity production and is the main source of supply for Israel (and to a lesser extent for Egypt and Jordan), which will therefore require it elsewhere , narrowing the market. In recent years, Israel has become a major regional gas supplier, and the conflict poses a risk to production.
