Gas prices at the Dutch TTF, Europe’s benchmark gas trading hub, could average €90-100 per Megawatt-hour (MWh) if the shut-in of Ras Laffan and suspension of Qatari LNG shipment continues for the next three months, an analysts’ poll finds.
A large proportion of LNG shipping companies have been attracted in recent years to borrowing on the Norwegian bond market and some will be looking for extensions in the current challenging financial markets.