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Europe: Gas price reached weekly maximum of 36 euros/MWh

Actually to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, June 3, reached the weekly maximum settlement price, €36.01/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was the highest since December 12, 2023. Subsequently, prices started a downward trend. As a result, on Friday, June 7, these futures registered their weekly minimum settlement price, €33.11/MWh. 

The interruption in supply from a Norwegian plant caused prices to rise at the beginning of the first week of June. However, the reestablishment of supply contributed to the weekonweek decline in prices, which was 1.2%, AleaSoft Energy Forecasting reports.

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