May 23, 2024 07:49 GMT
MNI Gas Market Weekly
NATGAS
Executive Summary:
- European Gas: Markets have rallied during the past week to their highest levels since January, supported by increasing cooling demand and rising LNG cargo competition from Asia.
- LNG Market: Asia’s LNG prices have climbed to their highest level since late-December as summer buying ramps up.
- U.S. Gas: Henry Hub has followed other gas markets in ticking higher this week, with lower US production and rising cooling demand the main supportive drivers.
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