Citi sees European gas prices rising in 2027 as Middle East risks spur price gains

European natural gas prices could remain vulnerable to sharp increases in 2027 as markets weigh the risk of renewed conflict in the Middle East and potential damage to liquefied natural gas infrastructure, Citi analysts said. The bank estimates that benchmark winter 2026-27 prices could reach €85 per megawatt-hour if the conflict escalates but liquefaction facilities ...