Settlement prices of TTF gas futures in the ICE market for the FrontMonth, in the third week of February continued the downward trend of the previous week. As a result, on Friday, February 16, these futures reached their weekly minimum settlement price, €24.82/MWh. According to data analyzed at AleaSoft Energy Forecasting, this settlement price was 8.5% lower than the previous Friday and the lowest since early June 2023.
Abundant supply and high European reserve levels offset the effect of gas supply disruptions from Norway in the third week of February. Forecasts of above-normal temperatures and increases in wind energy production also exerted a downward influence on TTF gas futures prices during that week.
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