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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.
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MNI Gas Market Weekly – May 22, 2024.pdf

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