MNI Gas Weekly: Cold Weather Jolts Global Gas Prices

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Executive Summary: 

• European Gas Benchmarks rallied to the highest since June 2025 on cold weather forecasts for 2H Jan.
• Asia’s LNG market rose to a six-week high on colder weather.
• In the Middle East & Africa, Chevron has approved an FID to expand Israel’s Leviathan field.
• Henry Hub surges higher with cold weather extending into February and adding to a risk of shut-ins.
• In the Americas, Colombia is looking at the possibility of importing Venezuelan gas.