MNI Gas Weekly: APAC Market Starts to Heat Up

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Executive Summary: 

• European Gas Benchmarks have weakened after Trump’s 50-day deadline for secondary tariffs on Russia.
• Asia’s LNG market is finding support as heatwaves boost cooling demand.
• In the Middle East & Africa, Egypt’s third LNG import terminal is set to start operations.
• Henry Hub has found further support this week from rising cooling demand and robust LNG feedgas.
• In the Americas, Mexico is reconsidering developing unconventional gas resources.