Goldman Sachs指出这些股票将受益于天然气价格飙升

Investing.com - Goldman Sachs says that after Qatar supply disruptions, the global natural gas market is experiencing renewed volatility, tightening the supply and demand balance, and creating upside potential for European energy companies with spot pricing exposure and liquefied natural gas (LNG) trading businesses.

The Ras Laffan facility, which accounts for about 17% of Qatar’s LNG export capacity, was damaged, pushing European natural gas prices above €60 per megawatt-hour and prompting Goldman Sachs to raise its commodity forecasts.

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The bank currently expects Brent crude oil prices to be $92.7 per barrel in 2026 and $80.2 in 2027, while significantly raising its European natural gas price outlook well above market consensus, citing prolonged supply restrictions caused by disruptions related to the Strait of Hormuz.

Among major oil companies, Goldman Sachs highlights BP as a key beneficiary, noting its strong LNG trading business and higher exposure to the spot market. Unlike some peers, BP has no direct exposure to Qatar-related assets, allowing it to benefit from price swings without bearing operational risks associated with the region.

The bank states that historically, periods of increased volatility have driven strong gains in LNG trading. During the 2022 energy crisis, integrated natural gas revenues for major oil companies surged, and Goldman Sachs believes that if prices remain high, similar but more moderate upside potential could emerge.

In the upstream sector, Goldman Sachs identifies Vår Energi as the most sensitive to rising European natural gas prices, as a large portion of its production volume is unhedged and exposed to the spot market.

The bank adds that other producers, including Norway’s Equinor ASA and Harbour Energy plc, will also benefit from tightening gas supplies, albeit to a lesser extent.

It states that currently about 19% of global LNG supply is offline, tightening the market and driving prices higher in Europe and Asia. Asian LNG benchmark prices are rising faster to attract cargoes from the Atlantic basin.