Wholesale natural gas prices in European Union countries are likely to fall by more than half by early 2023 as their efforts to overcome Russia's gas supply cuts prove effective, U.S. investment bank Goldman Sachs predicted. Goldman's mid-September update projected European wholesale natural gas prices will fall from about $214 ({EUR}215) a megawatt hour (MWh) to below $99 ({EUR}100) by the end of the first quarter of next year, assuming typical winter weather conditions. That is well below the $212 ({EUR}213) previously predicted.
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