Why Goldman Sachs Thinks European Natural Gas Prices Will Stabilize

Ukraine's incursion into Russia's Kursk region earlier this month rattled the European natural gas market, pushing prices above 40 euros per megawatt-hour amid concerns that Russian natural gas supplies to the EU might be severed. However, prices have since receded, with Goldman's Samantha Dart telling clients Monday that the price rally is mostly "overdone." Last week, Ukraine’s president claimed that troops have control over the Russian town of Sudzha, about six miles inside Russian territory. Within the town is a critical gas measuring…