
Nov 20 (Reuters) - JP MORGAN:
SAYS "WE FORECAST TTF PRICES TO AVERAGE 28.75 EUR/MWH IN 2026 AND 24.75 EUR/MWH IN 2027"
SAYS WHILE WE DELAY RESUMPTION OF RUSSIAN GAS FLOWS TO EUROPE UNTIL 2027, CONTINUE TO BELIEVE GAS TRADE WITH EUROPE WILL REMAIN MAJOR NEGOTIATION POINT FOR RUSSIA IN ANY CEASEFIRE OR PEACE DEAL DISCUSSIONS
SAYS MODERATING 4Q25 TTF PRICE FORECAST TO 32 EUR/MWH, IMPLYING AN AVERAGE PRICE OF 32.4 EUR/MWH FOR THE REMAINDER OF THE QUARTER