Free Trial

Goldman Remains Bullish European Natural Gas

NATURAL GAS

Goldman Sachs expects European gas prices to surge later this year and into 2024 as a demand recovery tightens market supplies.

  • The bank maintains its forecast for gas prices to rebound to €110 ($116.51) a megawatt-hour in the third quarter, compared with benchmark levels currently just above €50.
  • Goldman is also more bullish about next year than forward futures that are trading at around €50 to €60 through 2024.
  • Europe is expected to struggle with its gas situation until 2025 according to the bank – at which point sufficient LNG projects are expected to have come online.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.