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­MNI Gas Weekly: Gas Prices Stabilise After Recent Rise

Executive Summary: 

  • European Gas Benchmarks have held steady on the week as the storage withdrawal rate slows.
  • Asia’s LNG market climbed last week amid colder weather, although ample supplies may moderate further gains.
  • In the Middle East, Egypt and Jordan agree to utilise the former’s LNG import infrastructure.
  • Henry Hub has fallen to a two-week low as East Coast temperatures rise.
  • In Latin America, Argentina is ramping up plans to boost takeaway capacity from Vaca Muerta.

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Executive Summary: 

  • European Gas Benchmarks have held steady on the week as the storage withdrawal rate slows.
  • Asia’s LNG market climbed last week amid colder weather, although ample supplies may moderate further gains.
  • In the Middle East, Egypt and Jordan agree to utilise the former’s LNG import infrastructure.
  • Henry Hub has fallen to a two-week low as East Coast temperatures rise.
  • In Latin America, Argentina is ramping up plans to boost takeaway capacity from Vaca Muerta.

Full piece here:

Keep reading...Show less