MNI Gas Weekly: EU to Accelerate Russian LNG Phase Out

Download Full Report Here: 

Executive Summary: 

• European Gas Benchmarks remain rangebound as returning Norwegian supply offsets Russian supply risks.
• Asia’s LNG market remains in the low $11s/MMBtu as key buyers sit on the sidelines.
• In the Middle East & Africa, Egypt has exported a rare LNG cargo.
• Henry Hub has lost further ground amid continued bearish storage builds.
• In the Americas,  a US LNG cargo has made the first Panama Canal transit in 5 weeks.