TTF gas futures in the ICE market for the Front‑Month, on Wednesday, December 27, reached the weekly maximum settlement price, of €35.51/MWh. On Thursday, the price fell by 6.8%. After falling another 2.3%, these futures registered their weekly minimum settlement price, €32.35/MWh, on December 29. According to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since the first week of September.
In the last week of December, the high levels of European gas reserves, forecasts of mild temperatures in Northwestern Europe and uncertainty about the evolution of industrial demand led to settlement prices of TTF gas futures remaining below €40/MWh.
