According to AleaSoft Energy Forecasting, for TTF gas futures in the ICE market for the Front‑Month, in the third week of April, settlement prices remained above €30/MWh. The upward trend of the previous week continued until Tuesday, April 16. On that day, these futures reached their weekly maximum settlement price, €33.14/MWh.
According to data analyzed at AleaSoft Energy Forecasting, this price was 21% higher than the previous Tuesday and the highest since the first half of January. On Friday, April 19, they reached their weekly minimum settlement price, €30.76/MWh. Despite being the lowest settlement price of the week, this price level has also not been seen since the first half of January.
In the third week of April, the evolution of the Middle East conflict and concerns about its effects on supply caused TTF gas futures prices to reach the highest values in recent months. In addition, increased demand in Asia is also resulting in a decline in LNG supplies to Europe, AleaSoft Energy Forecasting reports.
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