BRIEF-Citi Sees Further Downside to Global Natural Gas Prices

June 16 (Reuters) - CITI:

  • SEES FURTHER DOWNSIDE TO GLOBAL NATURAL GAS PRICES EVEN AFTER THE LATEST SELLOFF

  • LOWERS TTF PRICE FORECAST TO AVERAGE $12.4/MMBTU (€37/MWH) IN 2H26 AND $9.2/MMBTU IN 2027 (€27/MWH)

  • LOWERS JKM PRICE VIEW TO $13.5/MMBTU IN 2H26 AND $9.5/MMBTU IN 2027; HENRY HUB TO $3.2/MMBTU IN 2H26, $2.8/MMBTU IN 2027

  • SAYS DE-ESCALATION OF US-IRAN CONFLICT SHOULD ENABLE A FASTER RAMP-UP IN LNG EXPORTS FROM QATAR AND THE UAE


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