Goldman Warns Europe’s Gas Refill at Risk if Prices Drop Further

Europe can secure enough liquefied natural gas to refill storage for next winter at current prices, but the region faces competition for supply should prices fall further, according to Goldman Sachs Group Inc.

“We think that prices have to stay at current levels, or slightly above, in order to kill LNG demand outside of Europe,” Samantha Dart, the co-head of global commodities research, said on Bloomberg television. “If LNG gets too cheap this summer, you tend to see other buyers picking it up.”