According to AleaSoft Energy Forecasting, settlement prices of TTF gas futures in the ICE market for the FrontMonth, in the first sessions of the second week of July, continued the downward trend started at the end of the previous week. On Monday, July 8, these futures registered their weekly maximum settlement price, €32.29/MWh. As a result of the price declines, on Wednesday, July 10, the settlement price was €30.78/MWh.
According to data analyzed at AleaSoft Energy Forecasting, this was the weekly minimum settlement price and the lowest since May 18. Although in the last sessions of the week prices increased, they remained below €32/MWh. On Friday, July 12, the settlement price was €31.72/MWh, 4.1% lower than the previous Friday.
In the second week of July, despite the outage at the Freeport liquefied natural gas export plant due to Hurricane Beryl, settlement prices of TTF gas futures were lower than in the previous week. Demand levels and high European reserves, in addition to a slight reduction in Asian demand, contributed to this behavior
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