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

SINGAPORE (ICIS) — Asian spot LNG prices surpassed the ICIS TTF benchmark this week for the first time since late June on rising demand in Asia and high stock levels in Europe.

Winter buying activity emerged in Asia with Indian and Japanese buyers active in the market, as the end of October looms. Inventory levels remain high.

South Korea’s KOGAS awarded as many as five DES buy cargoes for delivery in mid-December to end-January.

The ICIS East Asia Index (EAX) premium to the ICIS TTF benchmark widened at the start of the week, then narrowed. The premium on 26 October was $0.65/MMBtu.

Stable LNG supply, wind output and...