Goldman Sachs: Europe Needs Much Higher Gas Prices to Secure Winter Supply
Goldman Sachs said benchmark prices may need to top $100 per MWh to spur buying, as Europe’s storage sits at 62% and winter inventories lag.
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Goldman Sounds Alarm: Europe May Need €100 NatGas Shock To Refill Winter Storage
Goldman Sounds Alarm: Europe May Need €100 NatGas Shock To Refill Winter Storage We have warned that Europe is approaching a twin energy crisis, with the Northern Hemisphere winter now just three months away. Dutch front-month gas futures, Europe's benchmark contract, surged Monday morning to 67 euros per megawatt-hour, the highest level since early 2023. Goldman Sachs commodities expert Samantha Dart warns that EU NatGas prices may need to mor…
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.
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
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