MNI Gas Weekly: Bearish Pressures Mount on European Gas

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Executive Summary: 

• European Gas Benchmarks fell on hopes of a Russia-Ukraine peace deal, mild weather and stable supply.
• Asia’s LNG market remains relatively muted amid subdued demand from Japan and China.
• In the Middle East & Africa, Egypt is considering purchasing further cargoes for December.
• Henry Hub has oscillated on mixed weather forecasts, high production and strong feedgas demand.
• In the Americas,  US shale drillers are taking their expertise to Argentina’s Vaca Muerta.