A roundup of news and commentary from NGI’s LNG Insight

  • Goldman Sachs Commodities Research has lifted its TTF price forecast on tighter European supply/demand balances. TTF has climbed 20% in the past month. Goldman said it does not believe lower Russian pipeline imports are the reason why European gas markets have become so tight. Residential/commercial demand and low LNG imports “comprise a much bigger driver of this year’s imbalance.”
  • The firm raised its forecast for summer 2021 and winter 2021-2022 to $11.90/MMBtu and $11.60, respectively, from the previous range of $8.50/$8.90. TTF must also climb, Goldman said, to price out of the power stack relative to higher coal prices to free up more supplies for winter storage.
  • Gazprom PJSC-controlled Sakhalin Energy plans to cut LNG...