The volatile gas and oil-field services markets have privately held Haynesville gas producers balancing their short- long-term plans, with some even curtailing output for now.

Europe ended the winter well positioned to rebuild gas storage. However, risks to inventory gains persist given the possibility of a demand uptick in both Europe and Asia at current price levels. The outlook for prices indicates no return to the peak reached in 2022, but that does not eliminate the possibility of a meaningful rebound. China remains the key LNG demand story this year as it emerges from a pandemic lockdown. But certain headwinds could spoil expectations for meaningful LNG market impact this year.