According to AleaSoft Energy Forecasting, for TTF gas futures in the ICE market for the FrontMonth, on Monday, June 17, the settlement price was €34.21/MWh, 3.3% lower than the last session of the previous week. Prices recovered on Tuesday and Wednesday. On Wednesday, June 19, these futures registered their weekly maximum settlement price, €35.34/MWh. In the last sessions of the week, prices fell again. On Friday, June 21, they registered the weekly minimum settlement price, €33.94/MWh.
According to data analyzed at AleaSoft Energy Forecasting, this price was 4.0% lower than the previous Friday. In the third week of June, the average settlement price was 1.3% lower than the previous week.
In the third week of June, despite supply concerns, high levels of European gas reserves exerted their downward influence on TTF gas futures prices. At the end of the week, news of the restart of production at an Australian liquefied natural gas export plant also contributed to this behavior.
