Goldman Sachs warned that European benchmark natural gas prices could rise to 105 euros per megawatt-hour in winter if LNG flows through the Strait of Hormuz do not recover.
In the bank's base scenario, TTF is expected to remain at 70 euros per megawatt-hour, and JKM at approximately $25 per MMBtu. The forecasts are based on the assumption that winter weather conditions will remain around long-term averages. The difference between the risk scenario and the base scenario reveals the market's sensitivity to shipments in the Strait of Hormuz.
