(ANSA) – MILAN, MAY 17 – The current interruptions in Russian supply justify gas prices in Europe of around 110 euros per megawatt hour, with a ‘premium’ on the Amsterdam market of reference for the Old Continent of around 20 euros compared to at the level that would be ‘normal’ today around 90 euros per MWh. This was stated in a report by Goldman Sachs.
The research analyzes the beginning of the slowdown in methane supplies from Russia with the uncertainties relating to the payment system, the interruptions in flows and the impact of sanctions, which have initiated “the interruptions in the gas supply, albeit slightly entity”.
“In the absence of alternative sources of supply or a buffer in storage, demand remains the main balancing mechanism in Europe on the gas markets”, say analysts at Goldman Sachs, according to whom “the risk of further disruptions justifies a ‘ premium ‘at these levels, consistent with our forecast of 123 euros on average in the second quarter “, above the current figures.
The report recalls that in the still very remote case of a total cut in supplies from Russia, the price of gas on the European market could double compared to current prices. (HANDLE).
Source: Ansa
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