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LONDON (ICIS) – European and Asian prices continued to move in tandem to some extent, driven by new supply deals, tighter European supply and new Russian sanctions. 

High European demand has kept European gas prices higher than Asia’s. Europe’s LNG prices mostly remained at a heavy discount to the TTF gas price for June and July deliveries, with limited spot availability at European terminals. 

South and southeast Asian demand picked up, evidenced by a spate of buy tenders in the week. The US signed a new long-term supply deal with southeast Asia. 

Northeast Asian demand could rise in the coming weeks on summer...