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Settlement prices of TTF gas futures in the ICE market for the FrontMonth, in the fourth week of February, continued to register decreases. As a consequence of this downward trend, on Friday, February 23, they registered their weekly minimum settlement price, €22.93/MWh. According to the data analyzed at AleaSoft Energy Forecasting, this price was 7.6% lower than the previous Friday and the lowest since May 2021.
Seasonally low demand levels, abundant supplies of liquefied natural gas and high levels of European reserves exerted a downward influence on TTF gas futures prices in the fourth week of February.
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