GOLDMAN SACHS: WE ASSUME LNG FLOWS WILL NORMALIZE BY END-JUL, LATER THAN OUR PREVIOUS END-JUN EXPECTATION

June 17 (Reuters) - GOLDMAN SACHS:

  • MAINTAINS 2H26/2027 TTF GAS PRICE FORECASTS LARGELY UNCHANGED AT 41/30 EUR/MWH VERSUS 42/30 EUR/MWH EARLIER

  • ASSUMES LNG FLOWS WILL NORMALIZE BY END-JUL, LATER THAN ITS PREVIOUS END-JUN EXPECTATION

  • MAINTAINS AVERAGE 2027 TTF GAS PRICE FORECAST AT 30 EUR/MWH

  • SAYS RISKS TO ITS 2026/27 GAS PRICE VIEW REMAIN SKEWED TO THE UPSIDE

  • MAINTAINS BEARISH 2028/29 TTF GAS PRICE VIEW AT 19/16 EUR/MWH, WITH RISKS SKEWED TO THE DOWNSIDE

  • SAYS SHOULD THE BLOCKING OF HORMUZ LARGELY CONTINUE, IT ESTIMATES TTF WOULD LIKELY NEED TO MOVE ABOVE 100 EUR/MWH THIS WINTER TO DISCOURAGE ASIA LNG DEMAND


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.