Intercontinental Exchange Inc. (ICE) is extending the forward curve for Dutch Title Transfer Facility (TTF) natural gas futures by more than 18 months following record levels of interest and strong trading activity.

The TTF Gas Futures curve currently goes out to May 2029, with open interest to December 2028. ICE said Wednesday the forward curve has been extended effective Monday (June 21) to December 2031 following requests from customers.

The virtual pipeline hub in Northwest Europe is used to price some liquefied natural gas (LNG) deals throughout the region. There has seen record open interest levels in recent months as the LNG market has gotten tighter. ICE said TTF futures once again hit record open interest of 1.96 million contracts on June 10, up 20%...