Settlement prices of TTF gas futures in the ICE market for the FrontMonth, in the first sessions of the fourth week of January, abandoned the upward trend of the second half of the previous week. As a consequence of the registered falls, on Tuesday, January 23, these futures reached their weekly minimum settlement price, €27.23/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since early August 2023. In contrast, on Wednesday, January 24, FrontMonth TTF gas futures reached their weekly maximum settlement price, €28.93/MWh. After retreating on Thursday, the settlement price went back above €28/MWh on Friday, reaching €28.13/MWh. This price was 1.1% lower than the previous Friday.
During the fourth week of January, high European reserve levels, abundant supplies of liquefied natural gas and forecasts of milder temperatures in Europe exerted their downward influence on TTF gas futures prices.
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