MNI Gas Weekly - Egypt Begins LNG Buying Bonanza

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Executive Summary: 

• European Gas Benchmarks have been rangebound, with volatility from Norwegian outages and US policy.
• Asia’s LNG market finds support amid production issues in Malaysia and inter basin cargo competition.
• In the Middle East & Africa, Egypt received 14 offers for long-term LNG supply deals.
• Henry Hub is stable on the week due to milder temperatures and lower output.
• In the Americas,  Argentina is planning to start exporting gas from Vaca Muerta to Brazil.