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MEXICO CITY (ICIS) — European gas prices were boosted by forecasts of colder temperatures in Europe, which supported consumption for both domestic and gas-for-power demand.

The ICIS TTF benchmark was also strengthened by an unplanned Norwegian outage. The TTF front-month contract edged up by 2% from 1 to 6 December. The East Asia Index (EAX) softened, with the front-month EAX assessment falling by 6% over the same period, with fewer key buyers in the market.

However, China recently announced updated public health guidelines, abandoning key elements of its zero-Covid policy. The announcement could mark a shift to a broader...