Europe: TTF gas futures reached 44 €/MWh on November 21

Published on 28. November 2023., SEE Energy News

As for TTF gas futures in the ICE market for the FrontMonth, they registered their weekly minimum settlement price, €44.06/MWh, on Tuesday, November 21. According to data analyzed at AleaSoft Energy Forecasting, this price was the lowest since the first half of October. On the other hand, after a 5.0% increase from the previous day, TTF gas futures reached the weekly maximum settlement price, €46.83/MWh, on Thursday, November 23.

During the fourth week of November, forecasts of low temperatures in Europe exerted an upward influence on prices. However high levels of European reserves and abundant supply caused these futures to reach the lowest price since October.