MNI Gas Weekly - Gas Markets Continue Slump
Apr-16 12:13By: Andrew Couper and 2 more...
Natgas
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Executive Summary:
- European Gas Benchmarks have faded earlier gains on limited signs of progress in US-EU trade talks.
- Asia’s LNG market fell to an 11-month low, prompting some buyers to snap up cheaper cargoes.
- In the Middle East & Africa, Egypt is looking to move away from spot LNG tenders.
- Henry Hub has shed nearly 14% of its value since last week as the shoulder season sets in.
- In the Americas, BP was awarded all cargoes in Enarsa’s second tender.
- LNG Bunkering is expected to receive a boost from new IMO regulations.
