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MNI Gas Weekly: Winter Chill and Supply Fears Support Market

Executive Summary: 

  • European Gas Benchmarks are now easing back after the end of Ukraine transit flows spiked prices along with colder weather and inventory draws.
  • Asia’s LNG market is holding steady as local demand remains subdued while China looks to resell cargoes.
  • In the Middle East, ENI looks to revive Egypt’s floundering gas production.
  • Henry Hub has started the year struggling for clear direction
  • See analyst views for US natural gas
  • In Latin America, total LNG imports in 2024 approached 734 bcf

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Executive Summary: 

  • European Gas Benchmarks are now easing back after the end of Ukraine transit flows spiked prices along with colder weather and inventory draws.
  • Asia’s LNG market is holding steady as local demand remains subdued while China looks to resell cargoes.
  • In the Middle East, ENI looks to revive Egypt’s floundering gas production.
  • Henry Hub has started the year struggling for clear direction
  • See analyst views for US natural gas
  • In Latin America, total LNG imports in 2024 approached 734 bcf

Full piece here:

Keep reading...Show less