MNI Gas Weekly: Market on Alert for Russia Sanctions

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Executive Summary: 

• European Gas Benchmarks have drifted higher amid risks of Russian energy sanctions and rising geopolitical tensions.
• Asia’s LNG market has held steady as regional demand remains muted while the market takes stock of Chinese buying from the sanctioned Arctic LNG 2 facility.
• In the Middle East & Africa, Chevron is looking to boost Israeli gas flows to Egypt to meet an “insatiable appetite”
• Henry Hub has continued its downward trajectory amid cooler weather forecasts
• In the Americas,  LNG tanker transits through the Panama Canal were stable in August