The evolution of natural gas
Markets, Explained
Natural gas has transformed over the past decade, with the move to a global market carrying implications for trade, risk management, and energy competition between nations. So, what is liquefied natural gas and what are the drivers of this profound shift?
Find out in episode 2 of Markets, Explained.
Global natural gas products
North American Financial Gas
ICE's industry leading North American Financial Gas markets create opportunity by providing access to over 70 regional trading hubs, each defined by distinct geographic market dynamics.
Henry Hub
AECO
AECO, the Canadian natural gas benchmark on the Nova Gas Transmission Ltd. system, represents one of North America’s largest hubs with substantial production, storage, and export pipeline capacity.
TTF
The Title Transfer Facility (TTF), the global natural gas benchmark in the Netherlands, offers highly liquid futures contracts for managing long-term exposure to European natural gas prices, with liquidity available through December 2032.
NBP
The Natural Balancing Point (NBP), Europe’s original UK virtual trading hub, serves as a key price barometer alongside TTF, influencing gas flows within Europe and the wider global market.
JKM
The Japan Korea Marker (JKM), the Northeast Asia natural gas benchmark, reflects prices for gas delivered to Japan, Korea, China, and Taiwan, providing liquid and reliable tools for risk management across Asian and global markets.
Natural gas open interest data center
North American gas futures OI
TTF futures OI
JKM futures OI
NBP futures OI
Market data
Market data delayed minimum of 15 minutes
Trade the global natural gas market
Recognized as the most trusted name in energy derivatives, ICE offers a comprehensive suite of natural gas benchmarks and trading hubs.
Click the pins on the map or the contract symbols below to learn more about each contract.
Related insights
The globalization of natural gas gains momentum
Geopolitical shifts and a tight LNG market heighten the need to manage price and supply risks.
Connecting global natural gas markets
As natural gas markets become more interconnected, ICE’s growing product suite allows global participants to manage risk and price exposure across North America, Europe and Asia.
ICE Henry Hub Q1 26 update
ICE Henry Hub Q1 26 update ICE Henry Hub markets had a standout first quarter in 2026, with options ADV surging over 27% year over year to 697,000 lots per day, the highest quarter on record.
ICE TTF Q1 26 update
ICE’s TTF market offers highly liquid futures contracts for managing long-term exposure to natural gas prices with TTF acting as the pricing reference point for the wider European THE (German), PEG (French) and PSV (Italian) natural gas hubs.
The globalization of natural gas gains momentum
Geopolitical shifts and a tight LNG market heighten the need to manage price and supply risks.
Connecting global natural gas markets
As natural gas markets become more interconnected, ICE’s growing product suite allows global participants to manage risk and price exposure across North America, Europe and Asia.
ICE Henry Hub Q1 26 update
ICE Henry Hub Q1 26 update ICE Henry Hub markets had a standout first quarter in 2026, with options ADV surging over 27% year over year to 697,000 lots per day, the highest quarter on record.
ICE TTF Q1 26 update
ICE’s TTF market offers highly liquid futures contracts for managing long-term exposure to natural gas prices with TTF acting as the pricing reference point for the wider European THE (German), PEG (French) and PSV (Italian) natural gas hubs.
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