BRIEF-Goldman Sachs Says TTF Prices Risks Remain Skewed To Upside
ReutersJan 13, 2025 4:23 AM
Jan 12 (Reuters) - GOLDMAN SACHS:
SAYS TTF PRICES RISKS REMAIN SKEWED TO THE UPSIDE DESPITE MODERATION IN COLD WEATHER
SAYS THEIR END-OCT25 STORAGE ESTIMATE UNDER CURRENT WEATHER FORECASTS BELOW 90% FULL SUGGESTS RISKS TO PRICES REMAIN SKEWED TO THE UPSIDE
SAYS WHILE THE LATEST ROUND OF SANCTIONS HAS MOSTLY FOCUSED ON OIL AND THE POTENTIAL IMPACT ON LNG SUPPLY IS VERY LIMITED, IT KEEPS GLOBAL GAS BALANCES MORE VULNERABLE AT THE MARGIN TO TIGHTENING SHOCKS AND TO THE RISK THAT TTF MIGHT NEED TO PRICE OIL-SWITCHING IN A 65-86 EUR/MWH RANGE THIS SUMMER
((Reuters.Briefs@thomsonreuters.com;))
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