MORGAN STANLEY EXPECTS MORE BALANCED RISK REWARD AROUND PRICES FOR Q3 2026, WITH A CLEARER PATHWAY TO QATAR LNG RESTARTS

- MORGAN STANLEY:

  • SEES TTF GAS PRICE AT AROUND €50/MWH FOR Q3 2026 AND €60/MWH FOR Q4 2026

  • EXPECTS MORE BALANCED RISK REWARD AROUND PRICES FOR Q3 2026, WITH A CLEARER PATHWAY TO QATAR LNG RESTARTS