Goldman Sachs lowers its forecast for European natural gas prices in the second quarter.

Goldman Sachs analysts Dan Struyven and others stated in a report released on April 8 that due to the low import volume of liquefied natural gas in China, the bank has lowered its expectations for European natural gas prices in the second quarter of 2026. Goldman Sachs expects European second quarter natural gas prices to reach 50 euros per megawatt hour, down from the previous forecast of 70 euros per megawatt hour. The expected natural gas price for Europe in the second half of 2026 has been lowered from 43 euros per megawatt hour to 42 euros per megawatt hour. Goldman Sachs pointed out that if there are significant delays in the resumption of liquefied natural gas transportation through the Strait of Hormuz, or if natural gas production facilities are damaged, the natural gas market will need greater demand suppression. In this case, the price of Dutch TTF natural gas may exceed 75 euros per megawatt hour, reaching higher ranges.