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SINGAPORE (ICIS) –The ICIS East Asia Index (EAX) firmed on 22 September on early TTF trades and tender information, resulting in a spot value of $41.00/MMBtu, $2/MMBtu higher than the previous day’s close.

Demand continues to be lower, with more interest seen in buying for later in the winter.

Despite the day-on-day rise on 22 September, the EAX fell week-on-week, resulting in more buy tender interest starting to develop.

Japan’s Ministry of Energy, Trade and Industry (METI) revised its winter readiness report last week to suggest the power sector could meet a 3% capacity reserve margin.

Charter rates moved up in...