­MNI Gas Weekly: EU Gas Storage Remains a Concern

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Executive Summary: 

• European Gas Benchmarks have recovered from last week’s lows on maintenance in Norway and the US.
• Asia’s LNG market continues to be hit by weak demand, although a warmer summer in South Korea could prove supportive.
• In the Middle East & Africa, Qatar’s planned rise in export volumes could bifurcate the global LNG trade.
• Henry Hub is stronger on the week despite falling LNG feedgas flows.
• In the Americas, Brazil lead Latam’s LNG imports in May.