MNI Gas Weekly - Israel-Iran Remains Key Gas Driver

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Executive Summary: 

• Israel-Iran War Sparks Concern in Global Gas Markets: see latest updates on swiftly evolving situation
• European Gas Benchmarks have surged on global LNG supply risks amid the Israel-Iran conflict.
• Asia’s LNG market is expected to remain strong as Middle East risks and summer procurement combine.
• In the Middle East & Africa, Egypt is looking to cut its gas consumption as Israeli flows are suspended.
• Henry Hub has risen this week amid global gas supply risks and warmer weather on the East Coast.
• In the Americas, Argentina’s Enarsa awarded all eight cargoes in its recent tender.