How come natural gas futures (NG=F) move different from EU gas prices (Dutch TTF)? : Commodities


I live in Europe. Am I correct that natural gas futures like NG=F on Yahoo Finance are not at all related to EU gas prices which are determined by Dutch TTF futures? When I look at their 1Y graph for example they move totally different, even when the Ukraine war broke out which made gas prices jump in Europe. What exactly does NG=F represent and why is it so different from Dutch TTF and EU gas prices? Anybody can explain how this all works and compares?

Second, are there any ETFs or futures that track EU gas prices? Also, aside from “Dutch TTF” what else is used to represent gas prices in Europe? Dutch TTF is mentioned alot here in the news as it is a digital hub i believe where gas for alot of EU countries is being sold at spot price.



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