European gas market probe finds spot and derivatives trading functioning well

Chart showing TTF day-ahead natural gas prices from July 2021 to April 2026

The European gas market has been the subject of intense scrutiny since the 2022 energy crisis, with concerns raised over volatility, market concentration and the role of financial trading in gas price formation. This report presents the findings of the EU’s Gas Market Task Force, which examined both spot and gas derivatives markets and concluded that the overall market framework is functioning […]

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