May 29, 2024 11:38 GMT
MNI Gas Market Weekly – 29/05/2024
- 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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