MNI Gas Weekly: Prices Plummet on Warmer Weather

Download Full Report Here:

Executive Summary: 

• European Gas Benchmarks corrected lower on warmer February weather.
• Asia’s LNG market rose to a nine-week high, but winter premiums are set to decrease.
• In the Middle East & Africa, Egypt awarded a tender for two LNG cargoes.
• Henry Hub saw its sharpest intraday decline in 29 years on milder forecasts.  
• In the Americas, Colombia is set to launch a tender for long-term supplies for a new LNG terminal.