MNI Gas Weekly: Gas Under Rising Pressure

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Executive Summary: 

• European Gas Benchmarks weigh Ukraine peace talks against cooler weather forecasts.
• Asia’s LNG market has fallen to its lowest level in over a year, but cheaper cargoes may revive some spot buying.
• In the Middle East & Africa, Egypt diverted at least two LNG cargoes in early December.
• Henry Hub retreated from a three-year high amid warm weather and reduced feedgas demand.
• In the Americas,  Venezuela ended all of its supply contracts with Trinidad.