­MNI Gas Weekly - EU Gas Storage Targets Hold

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Executive Summary: 

• European Gas Benchmarks saw an initial boost on increased clarity on EU storage targets.
• Asia’s LNG market has softened this week as healthy storage dries up spot activity.
• In the Middle East, Qatar has signed a supply deal with India’s GAIL, using a Henry Hub pricing slope.
• Henry Hub has climbed to 26-month highs this week, as colder weather, strong LNG exports, and tariff fears spike prices.
• In the Americas, Pemex’s natgas output woes continue, keeping Mexico reliant on US gas imports.