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SINGAPORE (ICIS) — European gas prices remained high this week, supported by supply tightness due to low Norwegian flows caused by unplanned outages at the Sleipner field and Nyhamna plant, and maintenance work on Nord Stream 1 set to last until 21 July.

The Hungarian government announced on 13 July that it will take emergency measures amid low gas supplies. Actions include a partial ban on gas exports and purchasing additional gas volumes at a state level.

Spot LNG prices in Asia stayed at historically high levels, bolstered by European supply disruptions, coupled with US Freeport short-covering activity and Asian summer...