​Goldman Says European NatGas Price Rally “Overdone” As Flows Continue Through Ukraine – Tyler Durden

Goldman Says European NatGas Price Rally “Overdone” As Flows Continue Through Ukraine Ukraine’s incursion into Russia’s Kursk region earlier this month rattled the European natural gas market, pushing prices above 40 euros per megawatt-hour amid concerns that Russian natural gas supplies to the EU might be severed. However, prices have since receded, with Goldman’s Samantha Dart telling clients Monday that the price rally is mostly “overdone.” Last week, Ukraine’s president claimed that troops have control over the Russian town of Sudzha, about six miles inside Russian territory. Within the town is a critical gas measuring station where NatGas flows from West Siberian gas fields through pipelines that pass through Sudzha and cross into…  — Continue at ZeroHedge News : Read More