Goldman Sachs maintained its $6.80/$5.60 Henry Hub and 89/86 EUR/MWh TTF Sum22/Win22-23 price forecasts after the Freeport LNG outage, noting that the duration of the outage would be key.
Freeport LNG will shut down for three weeks due to an explosion at its Texas Gulf Coast facility, raising the risk of global gas shortages, especially in Europe. U.S. natural gas markets fell as traders anticipated the outage would lower domestic demand on Wednesday.
But natural gas futures gained on Thursday on record power demand in Texas this week, rising spot gas prices, and low wind power.
This report’s information was first seen on Reuters; to read more, click this link.
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