GOLDMAN SACHS: "WE MAINTAIN OUR $2.70/$2.75/MMBTU 2028/29 NYMEX GAS PRICE FORECAST"

Dec 7 (Reuters) - GOLDMAN SACHS:

  • SAYS "WE MAINTAIN OUR $4.50/MMBTU SUMMER 2026 NYMEX GAS PRICE FORECAST"

  • SAYS "WE MAINTAIN OUR $2.70/$2.75/MMBTU 2028/29 NYMEX GAS PRICE FORECAST"

  • SAYS CONTINUED GROWTH IN GLOBAL LNG SUPPLY WILL LIKELY LEAD NW EUROPEAN STORAGE TOWARDS CONGESTION IN 2028/2029, PRESSURING TTF AND JKM PRICES LOW ENOUGH TO REDUCE GLOBAL LNG SUPPLY BY CLOSING THE US LNG EXPORT ARB

  • SAYS SIGNIFICANTLY COLDER-THAN-AVERAGE DECEMBER IN THE U.S. HAS CONTRIBUTED TO LEAVING THEIR END-OCT26 STORAGE EXPECTATIONS STILL AT RELATIVELY LOW LEVEL, LEAVING THE 2026-27 WINTER VULNERABLE TO TIGHTENING SHOCKS


((Reuters.Briefs@thomsonreuters.com;))

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