MNI Gas Weekly: China Drags Down Asian LNG Demand

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Executive Summary: 

• European Gas Benchmarks have climbed amid US-China tariff de-escalation.
• Asia’s LNG market ticked up last week, tracking Europe’s gains, but all eyes are on the trajectory of Chinese demand.
• In the Middle East & Africa, Egypt has signed new deals for additional FSRUs
• Henry Hub is down on the week as forecasts shift to milder weather, cutting heating demand.
• In the Americas, US exports to Latam rose 16% on the month in April