TREE NEWS reports: Goldman Sachs raised its first-quarter 2027 European natural gas price forecast to €74 per megawatt-hour from €44, and lifted its 2027 average TTF forecast to €51/MWh from €32/MWh. The bank said the revision reflects a 45% probability it assigns to a scenario of a severe winter combined with a shortage of Middle East LNG supply.
Goldman Sachs raises Q1 2027 European gas forecast to €74/MWh
AI take
The scale of the revision — not the headline number — is the story: a near-70% mark-up on a single scenario probability shows how much of the European gas curve now rests on weather and Middle East LNG availability rather than on demand. That matters for energy-intensive European industry and utilities hedging forward exposure, and for LNG suppliers weighing contract pricing. Whether other forecasters converge on Goldman's scenario weighting, or treat it as an outlier, is the open question.
Generated by AI for reference only.
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