The market has started decreasing again due to demand being significantly below seasonal norms and with steady import currently. This is likely to continue until at least the 22nd helped by the milder weather which may serve to potentially cap gas storage withdrawals.
The US House of Representatives voted on Thursday to pass legislation that would block Joe Biden’s LNG export license freeze; the proposal will now be passed up to the US Senate for a final vote.
In other news:
Total Energies have advised of security concern due to their new LNG facility development in Mozambique being just 85 miles away from recent violence instigated by Islamic State fighters.
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