Editor’s Note: This content is provided courtesy of Independent Commodity Intelligence Services (ICIS). Visit natgasintel.com/icis for more information.

MADRID (ICIS) –The spread between TTF and Asian prices narrowed slightly in the seven days to 26 May, as the ICIS TTF dropped slightly while the East Asia Index (EAX) rose on regional demand rallies.

Demand remains strong, with a flurry of tenders closing for buyers such as Tohoku and EGAT in the last week.

Shippers with summer length have also made re-lets available in Asia. A discount to the TTF for Delivered-Ex-Ship (DES) LNG sales to Europe is making some cargoes more flexible in terms of destination.

European gas storage levels continue to rise as countries face increasing issues accessing Russian gas, with Finland...