According to AleaSoft Energy Forecasting, for TTF gas futures in the ICE market for the Front‑Month, in the fourth week of April, settlement prices remained below €30/MWh. The downward trend started at the end of the previous week and continued until Tuesday, April 23. On that day, these futures reached their weekly minimum settlement price, €28.84/MWh.
According to data analyzed at AleaSoft Energy Forecasting, this price was 13% lower than the previous Tuesday. In contrast, on Thursday, April 25, the futures reached their weekly maximum settlement price, €29.77/MWh. This price was still 8.8% lower than the previous Thursday. In the last session of the fourth week of April, prices fell again, settling at €28.89/MWh.
In the fourth week of April, lower gas supplies from Norway exerted an upward influence on TTF gas futures prices. However, forecasts of milder temperatures, higher gas supplies from Algeria in April and high levels of European reserves prevented prices from exceeding €30/MWh, AleaSoft Energy Forecasting reports.
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