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HSBC Lowers TTF Gas Estimates By $1/Mbtu to $12.5/Mbtu In 2Q/3Q

ReutersApr 25, 2025 12:07 PM

- HSBC RESEARCH:

  • LOWERS TTF GAS ESTIMATES BY $1/MBTU TO $12.5/MBTU IN 2Q/3Q

  • SAYS AVERAGE 2025 TTF PRICE FORECAST IS NOW $13.10/MBTU (VERSUS $13.75 PREVIOUSLY)

  • SAYS 2026 ASSUMPTION OF $11.25/MBTU AND MID-CYCLE PRICE OF $8.50/MBTU FROM 2027 REMAIN UNCHANGED

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