MNI Gas Weekly: Steady Global Supplies Keep Gas Prices Subdued

Download Full Report Here:

Executive Summary: 

• European Gas Benchmarks stabilized within the €32.86/MWh to €33.9/MWh range weighing steady storage injections ahead of the main seasonal Norwegian maintenance in early September.
• Asian LNG buying is rising but prices remain under pressure with limited spot purchases.
• In the Middle East & Africa, Israel’s energy ministry has approved an updated development plan for the Leviathan gas field.
• Henry Hub regained some ground after falling to its lowest level since early November amid cooler forecasts.
• In the Americas,  Amigo LNG signs a SPA deal with Macquarie in addition to a Gunvor deal last week.