Goldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter Supply
13 Articles
13 Articles
Goldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter Supply
Natural gas prices in Europe need to jump by December for European storage to fill up with enough inventory for the coming winter if the Strait of Hormuz crisis persists and keeps spot LNG prices in Asia elevated, according to Goldman Sachs. Since the Middle East crisis began, Europe has started losing the competition with Asia for spot LNG supply amid spiking prices in the absence of most Qatari LNG term volumes. The Iran war and the intensifie…
Goldman Sachs Bank has published a note that warns about the levels of gas reserves in Europe. And the impact on prices for consumers. ...
Limited LNG flows due to the US-Iran war make it difficult to replenish European reserves – Competition with Asia and the Strait of Hormuz increase the risk of a new price spike
The fullness of natural gas reserves in Northwest Europe will be 51% at the end of this month according to Goldman Sachs. The post Shock prediction: Natural gas prices will exceed 100 euros - What analysts are saying appeared first on in.gr.
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European gas prices will likely need to exceed 100 euros per megawatt-hour in December for the continent to build up enough reserves for the winter season, analysts at Goldman Sachs said, citing disruptions to LNG supplies due to the Middle East conflict and intensifying competition with the Asian market, Bloomberg reported.
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