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MNI Gas Market Weekly

NATGAS

Executive Summary:

  • European Gas markets have softened this week amid recovering Norwegian flows and buoyant inventories, although concern surrounds Austria’s imports of Russian gas.
  • Asia’s LNG prices have eased back below $12/MMBtu after higher prices began to dissuade the region’s price sensitive buyers.
  • Henry Hub hit a four-month high May 23, but has since eased back. An uptick in US production is countering rising power sector and LNG export demand.

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Executive Summary:

  • European Gas markets have softened this week amid recovering Norwegian flows and buoyant inventories, although concern surrounds Austria’s imports of Russian gas.
  • Asia’s LNG prices have eased back below $12/MMBtu after higher prices began to dissuade the region’s price sensitive buyers.
  • Henry Hub hit a four-month high May 23, but has since eased back. An uptick in US production is countering rising power sector and LNG export demand.

Full piece here: