­MNI Gas Weekly: Geopolitical Risk Premium Evaporates

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Executive Summary: 

• An Iran-Israel ceasefire has sparked a sharp selloff in gas markets, as fears of disruption to Middle East supplies diminish.
• European Gas Benchmarks fell sharply as de-escalation of the Israel-Iran conflict slashed the risk premium.
• Asia’s LNG market is softening after JKM surged above $14/MMBtu
• In the Middle East & Africa, Mauritania and Senegal’s GTA project had reached its commercial operations date.
• Henry Hub has tracked the wider sell off, while milder weather forecasts are adding further pressure.
• In the Americas, Colombia’s Calamari LNG is looking for a partial cargo via tender