European Gas Needs Sharp Price Jump to Secure Winter Supply
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Goldman Sachs projects European natural gas prices must climb meaningfully by December to draw enough LNG cargoes into storage, as the prolonged Strait of Hormuz crisis keeps Asian spot prices elevated.
Europe has been losing the competition for spare LNG volumes since the Middle East disruption began, compounded by the near-total absence of Qatari term supply that once anchored the region's winter buffer.
The dynamic sets up a structurally tighter winter for TTF pricing, with commodities traders watching storage-fill data and freight availability as the next signals for a potential gas price breakout.