According to AleaSoft Forecasting, for TTF gas futures in the ICE market for the FrontMonth, settlement prices remained below €25/MWh in the first three sessions of the second week of March. These futures registered their weekly minimum settlement price, €24.77/MWh, on Tuesday, March 12. According to data analyzed at AleaSoft Energy Forecasting, this price was 9.8% lower than the previous Tuesday and the lowest since the end of February.
As of Wednesday, March 13, prices started to rise until they reached their weekly maximum settlement price, €27.03/MWh on Friday, March 15. This settlement price was 2.4% higher than the previous Friday.
In the second week of March, supply concerns continued due to disruptions in exports from the Freeport liquefied natural gas plant in the United States.
Forecasts of wind energy production declines in part of Europe and increased demand in Asia also contributed to TTF gas futures price increases. However, European reserve levels prevented further price rises, AleaSoft Forecasting reports.
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