MNI Gas Weekly: China’s LNG Appetite Abates

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Executive Summary: 

• European Gas Benchmarks weigh signs of increased competition for LNG against healthy fundamentals.
• Asia’s LNG market is set to face renewed pressure as Chinese buyers stay out of the market for the remainder of the year.
• In the Middle East & Africa, Egypt is looking to free up more LNG cargoes for export.
• Henry Hub surged higher with cooler weather forecasts in the driver’s seat.
• In the Americas, Mexico’s imports of US natgas hit a record high in May.