{"title":"定价冲击:TTF期货如何反映俄罗斯天然气切断和北溪破坏后的欧洲能源安全危机","authors":"Francis Stafilopatis, Thomas N. Russo","doi":"10.1002/gas.22606","DOIUrl":null,"url":null,"abstract":"<p>After Russia invaded Ukraine on February 22, 2022, two figures shocked Europe's natural gas market. These were the €339/MWh intraday price ($97/MMBtu) of the Title Transfer Facility (TTF) gas futures contract on August 26, 2022, and zero flows of Russian natural gas from the existing Nordstream 1 pipeline by early September 2022 (<b>Figure 1</b>). Unknown entities sabotaged the Nordstream 1 and the newly completed Nordstream 2 pipelines on September 26, 2022.<sup>1</sup></p>","PeriodicalId":100259,"journal":{"name":"Climate and Energy","volume":"42 2","pages":"1-10"},"PeriodicalIF":0.0000,"publicationDate":"2025-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Pricing the Shock: How TTF Futures Reflected Europe's Energy Security Crisis After Russia's Gas Cutoff and the Nordstream Sabotage\",\"authors\":\"Francis Stafilopatis, Thomas N. Russo\",\"doi\":\"10.1002/gas.22606\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>After Russia invaded Ukraine on February 22, 2022, two figures shocked Europe's natural gas market. These were the €339/MWh intraday price ($97/MMBtu) of the Title Transfer Facility (TTF) gas futures contract on August 26, 2022, and zero flows of Russian natural gas from the existing Nordstream 1 pipeline by early September 2022 (<b>Figure 1</b>). Unknown entities sabotaged the Nordstream 1 and the newly completed Nordstream 2 pipelines on September 26, 2022.<sup>1</sup></p>\",\"PeriodicalId\":100259,\"journal\":{\"name\":\"Climate and Energy\",\"volume\":\"42 2\",\"pages\":\"1-10\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2025-09-25\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Climate and Energy\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1002/gas.22606\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Climate and Energy","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/gas.22606","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
摘要
在俄罗斯于2022年2月22日入侵乌克兰之后,两个数字震惊了欧洲天然气市场。这是2022年8月26日Title Transfer Facility (TTF)天然气期货合约的盘中价格339欧元/兆瓦时(97美元/百万英热),以及到2022年9月初,现有的Nordstream 1管道的俄罗斯天然气流量为零(图1)。未知实体在202.1年9月26日破坏了Nordstream 1和新完成的Nordstream 2管道
Pricing the Shock: How TTF Futures Reflected Europe's Energy Security Crisis After Russia's Gas Cutoff and the Nordstream Sabotage
After Russia invaded Ukraine on February 22, 2022, two figures shocked Europe's natural gas market. These were the €339/MWh intraday price ($97/MMBtu) of the Title Transfer Facility (TTF) gas futures contract on August 26, 2022, and zero flows of Russian natural gas from the existing Nordstream 1 pipeline by early September 2022 (Figure 1). Unknown entities sabotaged the Nordstream 1 and the newly completed Nordstream 2 pipelines on September 26, 2022.1