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SINGAPORE (ICIS) –Spot LNG prices in Asia and gas prices in Europe remain high on tight supply. The ICIS TTF September ’22 contract price reached $61.02/MMBtu on 2 August, the second highest on record after 8 March.

Russia’s Gazprom said the delivery of a turbine engine that could help keep gas flowing to Europe was not possible. Russian gas flows to Germany through the Nord Stream pipeline remain low at 32 mcm/day. Norwegian gas flows are expected to increase by almost 10% to 31 mcm/day.

The East Asia Index (EAX) was steady as of 4 August after rising for a week.

U.S. Freeport estimated an early October restart as...