European gas prices likely to fall sharply this winter, says Goldman Sachs

European countries have rushed to fill their gas storage facilities before the winter. Photograph: David Hecker/Getty Images

European countries can withstand Russia’s gas cuts this winter as supply headaches may have been “successfully solved”, according to analysis by a leading US bank.

Goldman Sachs said the price of gas was likely to more than halve this winter as efforts by EU countries’ to avoid big shortages this winter prove effective.