According to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, June 10, registered the weekly minimum settlement price, €34.26/MWh. This price was already 3.5% higher than the last session of the previous week. Prices continued to rise until Thursday, June 13. On that day, these futures registered their weekly maximum settlement price, €35.72/MWh. On Friday, June 14, there was a 1.0% drop from the previous day and the settlement price was €35.36/MWh.
However, according to data analyzed at AleaSoft Energy Forecasting, this price was still 6.8% higher than the previous Friday.
In the second week of June, unplanned declines in gas supplies from Norway contributed to the increase in TTF gas futures prices. On the other hand, heat waves in Asia led to increased demand for liquefied natural gas in the region, also contributing to higher prices. In addition, an unplanned supply disruption from a major Australian export plant might last for weeks.
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