TTF gas futures in the ICE market for the Front-Month reached the maximum settlement price for the week of €36.12/MWh on Monday, December 11. This price was 6.4% lower than the last session of the previous week. On Tuesday, December 12, prices fell by 3.9% compared to the previous day to €34.70/MWh.
Subsequently, on December 13, they recovered by 3.2% to reach €35.81/MWh, only to fall again in the following sessions to register the weekly minimum settlement price of €33.19/MWh on Friday, December 15. According to data analyzed by AleaSoft Energy Forecasting, this price was the lowest since the beginning of September.
In the second week of December, abundant supply and high European storage levels, as well as milder temperatures, led to further declines in TTF gas futures prices.
