Markets18h ago·38 sources
Strait of Hormuz Disruptions Likely to Have Limited Impact on U.S. Gas Prices
European and Asian natural gas prices could surge significantly if shipping through the Strait of Hormuz is halted, according to Goldman Sachs. A month-long disruption could see prices increase by 130%, reaching $US25 per million British thermal units, as benchmarks have not fully priced in the associated risks. Approximately one-fifth of the world's liquefied natural gas, primarily from Qatar, transits through this chokepoint. While extended disruptions could push European prices above €100 per megawatt-hour, the impact on US natural gas prices is expected to be limited due to the US being a net exporter with liquefaction plants operating at full capacity, leaving little room to offset global supply issues.
Goldman Sachs·Natural Gas Prices·Strait Of Hormuz
