Goldman Sachs says European gas markets may need prices above €100 per megawatt-hour in December to refill storage sufficiently for winter demand. The bank’s assessment focuses on how quickly inventories must be rebuilt and the price level that would incentivize or enable enough supply to be injected into storage ahead of colder months.
Bloomberg reports that the forecast implies a higher pricing environment for December, linking the potential rise to the requirement for building “winter inventory” across the continent. The Seeking Alpha piece reiterates the same Goldman message, framing it as a condition for securing adequate winter supply. While the outlets differ only in presentation, both point to Goldman’s view that market pricing may have to move upward to ensure storage levels reach a level that can cover seasonal consumption.
