Free Trial

MNI Gas Market Weekly – May 22, 2024

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.
Full piece here:

MNI Gas Market Weekly – May 22, 2024.pdf

81 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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.
Full piece here:

MNI Gas Market Weekly – May 22, 2024.pdf