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Morgan Stanley Sees Q3 TTF Gas Price at $11.5/MMBtu: Reuters

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Morgan Stanley sees the TTF gas price averaging $11.5/Mmbtu in Q3 2024, according to Reuters.

  • The Q4 forecast is higher still at $12.5/MMBtu, likely supported by winter heating demand.
  • While Morgan Stanley has raised its gas price forecasts, it still sees risks to the forward curve skewed negatively, particularly in 2025, Reuters reported.
  • TTF Front month is currently pricing around $12.6/Mmbtu after threats to Russian supplies via Ukraine drove prices to their highest level since December.

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