<p>March 9 (Reuters) - GOLDMAN SACHS:</p>
<ul>
<li>SAYS LNG BALANCE REVISION LEADS TO FURTHER RAISING OF 2Q26 TTF PRICE FORECAST TO 63 EUR/MWH OR $22/MMBTU (FROM 45 EUR/MWH), INCLUDING APRIL/MAY CONTRACTS (TRADED DURING MARCH/APRIL) AT 75⁄70 EUR/MWH ($26/$24/MMBTU)</li>
<li>RAISES 2Q26 JKM PRICE FORECAST TO $23/MMBTU (FROM $16), ABOVE FORWARDS AT $19/MMBTU</li>
<li>SAYS 2027 GAS PRICE FORECASTS REVISED MARGINALLY HIGHER, AT 23 EUR/MWH FOR TTF (FROM 21 EUR) AND $8.30/MMBTU FOR JKM (FROM $7.55)</li>
<li>SAYS RISKS TO REVISED PRICE FORECAST ARE TWO-SIDED, WITH A LONGER-THAN-EXPECTED HORMUZ CLOSURE POTENTIALLY REQUIRING TTF TO TEMPORARILY APPROACH 100 EUR/MWH</li>
<li>SAYS QUICKER CONFLICT RESOLUTION WOULD LIKELY DRIVE A FASTER DROP IN TTF BACK TO COAL SWITCHING RANGE IN THE 40 EUR/MWH RANGE</li>
</ul>

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Goldman Sachs raises 2Q26 TTF, JKM natural gas price forecasts