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SINGAPORE (ICIS) — The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.

Abundant LNG heading to Europe, combined with above-normal wind output and rising storage levels pressured the TTF. However, market sentiment remains relatively bullish regarding the TTF. Spot prices rose on 9 June in Europe and Asia after the US Freeport LNG plant went offline due to a fire. The outage is expected to last at least three weeks. As many as 13...