Jkm lng price history In depth view into Japan Liquefied Natural Gas Price including historical data from 1992 to 2024, charts and stats. Gulf Coast (GCM) and East Atlantic as well as other regional The strength in Asian LNG has kept the region in poll position for LNG prices and supported prices further versus the US. 6, with the JKM benchmark surpassing $50/MMBtu for the first time ever as the gas price crisis in Europe grows more Lower prices have seen price-sensitive buyers in the region returning to the market. The Platts Market Data - LNG dataset provides access to the full breadth and depth of our LNG market data, including benchmarks and contract price assessments. 6, with the JKM benchmark surpassing $50/MMBtu for the first time ever as the gas price crisis in Europe grows more severe, increasing global competition for LNG cargoes. "It is interesting to see that LNG sellers now have to adjust their JKM spot and forward offers to the Dutch TTF gas hub level," a London-based LNG broker said, pointing to TTFas the current technical support for the JKM. Access historical data for LNG Japan/Korea Marker PLATTS Future. If JKM consumers bid any lower than that floor, they will lose cargos to Europe. 490 per million British thermal units However, the bearish trend for Asian spot price could also trigger a rebound in price-sensitive LNG demand across northeast Asian markets. As such, oil-indexed LNG prices are now about one-third below the spot level -sometimes it pays off having some JCC slopes in your contract portfolio. Since January 2024, JKM prices have fallen below Brent oil-linked LTC prices. Negative settlement prices are not displayed. Get free historical data for LNG Japan/Korea Marker PLATTS Future. Platts’ assessed shipping rates between northwest Europe and the Mideast, and between the Mideast and JKM to establish a floor for prices in the JKM region from TTF. Explore real-time LNG Japan/Korea Marker PLATTS Future price data and key metrics crucial for understanding and navigating the LNG Japan/Korea Marker PLATTS Future market. These studies, however, fail to evaluate the Asia liquefied natural gas (LNG) spot prices hit a record high of more than $59 per million British thermal units (mmBtu), tracking a surge in European gas prices on concern over tight supply By extension, most of the historical term contracts out of Malaysia, Australia and Indonesia Trade in tandem with major Natural Gas and LNG references like Henry Hub, NBP, TTF and JKM (Platts) Lock price differentials with Japanese Power futures (Tokyo The oil parity is the LNG price that would be equal to that of crude oil on a barrel LNG price spreads between the Japan Korea Market (JKM) and the Dutch Title Transfer Facility (TTF) for balance of winter 2024/25 contracts have fallen, but analysts find this drop is "overdone". RELATED POSTS Weekly review of natural gas and LNG prices of LNG benchmarks like JKM, rather than on a flat price basis. Updated 24 October 2022. 9 months ago. 07/MMBtu on Aug. 3% from the same period last year, and up 16. Up to 156 consecutive monthly contracts, or as otherwise determined by the Exchange. The current price of natural gas as of December 09, 2024 is $3. Tags: Nevertheless, prices remain extremely elevated in historical terms, around double the USD15. 1 Stock-Split Stock to Buy Before It Does. Australia s competition watchdog has decided to go ahead with its plan of publishing monthly LNG netback prices -- to be derived from Platts JKM futures prices -- on its website, the Australian Compet. Explore historical market data straight from the source to help refine your trading strategies. %PDF-1. Historical data and Price History back to Jan. 579/MMBtu on Dec. This study investigates if the Japan-Korea-Marker (JKM) price is a feasible benchmark to replace the oil indexation in Asian liquified natural gas (LNG) trade. Meanwhile, Asian LNG prices in the JKM for June delivery settled on Thursday at their lowest since 16 June 2021 at USD 11. Subscribe to Platts Market Data - LNG to access the Global LNG prices JKM is the Northeast Asian spot price index for LNG delivered ex-ship to Japan and Korea, assessed by S&P Global Platts. Associated gas production in the Permian basin continued to grow strongly in 2024. 9789/MMBtu for calendar-year 2022, compared with $18. 5/MMBtu in 2024, LNG fuel prices are either gas-indexed or oil-indexed, challenged the idea that natural gas should be valued solely by reference to competing (different) energy forms (ex. Trading volatility has been the defining hallmark of the Asian peak season winter market. APAC LNG YOY Change vs JKM cm/d Btu-500-400-300-200-100 0 100 200 300 the historical ranges • LNG imports in Europe expected to slow down in 2023 compared to 2022 • New emerging markets like Vietnam to start LNG • Benchmark LNG Price Outlook: In 1964, the UK imported a batch of LNG fuels from Algeria [1], which officially marked the beginning of LNG trade history. 6% from the historical five-year average. Natural gas prices soared from the second half of 2020 to the third quarter of 2022, while JKM rose 113%. Methodology & Specifications. 4 years ago. id:d54b336b-81cb-db4b JKM Day change: $0. With JKM now back above the average oil-indexed LNG price, Asian buyers will have a greater incentive to use any remaining upward nominations under their oil-indexed long-term LNG contracts. More LNG heading towards Europe. 705 per million British thermal units. Furthermore, LNG indexation is evolving from its historical oil based benchmarks to include natural gas hub benchmarks The Northeast Asian assessed spot LNG price JKM for the previous week (26 June – 30 June) rose to the low USD12s on 26 June from the late USD11s the previous week. For this purpose, we propose an equilibrium pricing model for the LNG long-term contract (LTC) in Asia. 04, Global price of LNG, Asia 2015-11-06 2024-11-07 Source International Monetary Fund: 2015-11-06 2024-11-07 Release Primary Commodity Prices: 2015-11-06 2024-11-07 Units U. It is referenced in spot deals, tenders and short, medium and long-term contracts both in Northeast Asia and globally. Steel & Metals. Capabilities Credit Rating History S&P Global Mobility Need a Rating? Understanding Credit Ratings Intro to Credit Ratings ESG Price Assessments & Benchmarks. Market Specifications Trading Screen Product Name LNG Futures Trading Screen Hub Name JKM Contract Symbol. by Editor. The assessment is of prices for deliveries across four half-month windows that start 2-5 half months forward from the date of assessment. The LNG netback prices will be based on historical Asian LNG spot assessments extending back to January 2016, and a forward LNG netback price indicator extending to the end of the following calendar year, the ACCC said. This put JKM at a $12. The rise in traded volumes of JKM options reflects a significant evolution in the LNG market, driven by the need for flexibility and effective hedging strategies among market participants. 1, 1980 for Liquified Natural Gas swap futures contract based on South East Asian LNG prices from Platts (JKM*1) with Intraday, Daily, Weekly, Monthly, and Quarterly data available for download. Japan’s average LNG import price is expected to continue rising, as long-term contracts linked to JCC prices still account for 70%-80% of LNG imports. Platts JKM® is the Liquefied Natural Gas (LNG) benchmark price assessment for spot physical cargoes. It settled in the low USD 12s on the following day, 16 June. Global pricing agency Platts said the Japan-Korea Marker (JKM) price for liquefied natural gas assessed by the US firm rose to a record high of $20. 1, driven by escalating Middle East tensions, a negative East-West arbitrage window highlighted thin appetite for LNG volumes in Asia. The dataset includes key LNG price assessment, Platts JKM, so you can spot physical cargoes delivered ex-ship into Japan and South Korea (with normalized prices for spot cargoes to China and Taiwan also The JKM LNG (Platts) Average Price Options contract is an option on the JKM LNG (Platts) Future contract. With the spot market continuing to grow in the Atlantic and Pacific regions, sources suggest that spot trading market share may continue to grow in the future. Reuters - The Japan-Korea-Marker (JKM) price for LNG assessed by S&P Global Platts has risen to a record high of $20. The LNG Price Spike The surge in prices began in December, with both JKM and ANEA rising above $10/MMbtu. 14, ICE said in data published on Feb. Platts assessed H1 September at $10. Prices had hit an all-time low of $1. Asian spot LNG prices are riding at six-year highs, as a cold spell in some countries prompted record imports into the region. jp Last Update May 14, 2021. Trending Posts. The effective closure of the Red Sea to tankers carrying liquefied natural gas (LNG), while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the Spot LNG prices face uncertainty, with JKM swaps providing insights into potential market directions amid fluctuating global demand. View All Result . Platts reviews bids and offers price levels in the MOC process for reasonability relative to the published intraday values. The presentation of market data covers the last 45 days. JKM™ reflects the daily tradeable value of a spot LNG cargo at the given delivery period and location, based on trades, bids, offers and indications of tradable value reported to S&P Global Access UK and global LNG Japan/Korea Marker PLATTS Future historical price data. 2 weeks ago. The Japan’s average landed crude oil import price (JCC: Japan crude cocktail) declined to USD 79. 71 Expiry Details Found Download. 16/MMbtu. The Indian government is pushing to increase gas from 6% to 15%of the total energy mix by 2030 and create a gas-based economy. This paper will take a very broad economic and historical perspective to compare the two industries, specifically in relation to pricing. Platts JKM™ LNG FAQ What is Platts JKM™? Platts JKM™ is the Liquefied Natural Gas (LNG) benchmark price assessment for spot physical cargoes. 35 Figure 25: Historical Correlation between JKM and Brent Prices On this basis, the Asian LNG spot price marker, JKM, remains a relevant Reference Price Marker in the ECGM especially for short-term (<2 year) gas sales. LNG prices and what some of the consequences might be on pricing and contracting for LNG in the Asian market. 12. Our case study SPA with a 16. 3% from the same period last year, and up 14. EN. – Access daily LNG spot market assessments: delivered ex-ship prices for Northwest (NWE) and Mediterranean (MED), West India and the Middle East, and free on-board assessments for the U. Chart 1: Front month JKM slope to Brent. LNG trade contracts are divided into spot contracts, short-term contracts (2–5 years), and medium- and long-term contracts The price of LNG in Europe tracked prices for natural gas at the Dutch TTF hub. The intraday values reflect Platts assessment of JKM, WIM, NWE, MED and GCM LNG values at the time of publication. LNG Japan/Korea Marker PLATTS Futureの概要をご紹介いたします。チャート、ユーザーのセンチメンタルグラフ、ニュース、分析からテクニカル分析まで幅広く情報を網羅して掲載しています。 In the Vietnam and Philippines markets, which are relatively new to LNG imports, buyers are closely monitoring LNG prices through JKM linkage before deciding on procuring more cargoes. 6 × 10 8 t, involving over 50 countries. At expiry, one lot of JKM LNG (Platts) Average Price Options will exercise into one lot of JKM LNG (Platts) Futures. Widely adopted to power the Markets On Close (MOC) process for key oil benchmarks, eWindow will now be accessible for Platts LNG price assessments, such as Platts JKM™, the benchmark for LNG delivered into Northeast Asia. Technical futures chart with latest price quote for Liquified Natural Gas swap futures contract based on South East Asian LNG prices from Platts, with technical analysis, latest news, and opinions. 9 USD/MBtu on 21 April on reports of below-average wind power generation in the UK and other factors before settling at 29. The Japan-Korea-Marker (JKM) price for liquefied natural gas (LNG) assessed by S&P Global Platts fell to a record low of $1. Reading Time: 1 min read (JKM) benchmark impressively running as high as $7/MMBtu at times over the past week. 9/bbl seasonal average seen over the last three years. Platts assessed the September JKM at $11. 825/MMBtu. The price reflects not only the cargo deliverd to Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDM) from Jan 1992 to Oct 2024 about Asia, World, and price. 04 USD/cu m for Oct 2024 Japan Liquefied Natural Gas Price is at a current level of 13. As such, we expect JKM prices to decline from USD13/mnBTU in 2026, to a low of USD6/mnBTU over 2028 and 2029. Index. Japan Liquefied Natural Gas Price (I:JLNGP) 13. However, by the time of writing in early April 2019, LNG spot prices in Asia had surprised again, having fallen rapidly to record lows. Learn how you can access our LNG benchmarks, like the JKM, and in-depth market reports. Statistics report. Dollars per Million Metric British A financially settled future based on the Platts daily assessment price for the LNG Japan/Korea Marker (JKM). Please note that we only provide trading prices, volumes and open interest data for EEX Platts JKM LNG Natural Gas Futures. 945/MMBtu, or at a discount of 12. Asia-Pacific spot LNG prices hit a fresh record high Oct. Figure 24: Historical Correlation between JKM and Henry Hub Prices . "We might consider buying on JKM going forward," a buyer told Platts, after witnessing volatile LNG prices especially in the past few months owing to Australian strikes. The published series will provide a month-by-month breakdown of LNG netback prices at Wallumbilla in Queensland, based on measures of Asian LNG spot prices, dating from January 2016. Detailed specifications for this futures contract can be found here. 1% from the historical five-year average. Commodity Market Office, Commerce and Service Industry Policy Group,METI Historical data Overview of Statistics. Credit Rating History S&P Global Mobility Discover how falling JKM prices are enticing Asian LNG buyers back to the spot market. 4 %âãÏÓ 1 0 obj >>> endobj 2 0 obj >stream uuid:4b6212d6-f15b-4fb8-9b53-17e3d463890c xmp. Interactive chart illustrating the history of Henry Hub natural gas prices. Work smarter by creating and viewing reports, graphs and netback tables using our prices, including Platts JKM™ and other LNG prices. Historical and Forecast LNG Spot Prices vs Henry Hub US$/bbl. Impact of LNG Price Volatility on Gas Demand in India An Opportunity for Gas-Dependent Sectors to Transition to Non-Fossil have been extremely volatile, reaching unprecedented lows in 2020 and all-time highs in 2021. 16, up more than three-fold from its historic low on April 28 at $1. Figure 1: Asian LNG Prices View History: Daily Weekly Monthly Annual : Download Data (XLS File) Henry Hub Natural Gas Spot Price (Dollars per Million Btu) Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 1997: 3. As the use of market-based LNG pricing rises, and more short-term volume is traded more than 45 days out, there is a need for the additional pricing transparency for Forwards, which would therefore complement the existing data published via the MOC process for full physical cargoes and Asia-Pacific spot LNG prices rose on Aug. For longer-term (>2 year) Natural gas price transparency and key news, insights, and price index data for the North American energy markets The All Futures page lists all open contracts for the commodity you've selected. The Northeast Asian assessed spot LNG price JKM for the previous week (31 October-4 November) fell to USD 26/MBtu on 31 October from USD 30/MBtu the previous week due to weak sentiment. However, this isn’t the only region to exhibit a notable recovery, Natural gas historical performance. 1. 18/MMBtu premium versus the US Henry Hub and a $2. The spot price of liquefied natural gas (LNG) Spot LNG prices defy history and fall as demand rises. For the historical series, the LNG netback prices will be derived using a monthly average of the JKM. A financially settled future based on the Platts daily assessment price for the LNG Japan/Korea JKM LNG (PLATTS) Future. Established by S&P Global Platts in 2009, the Japan Korea Marker (JKM™) is a benchmark price that reflects the spot market value of liquefied natural gas (LNG) cargoes delivered ex-ship (DES) into Japan, South Korea, China, and Taiwan (see Practice Note, Understanding the US LNG Value and Process Chain: Delivery Terms When Shipping Via Vessel). 7 USD/MBtu on 22 April. Source The rapid rise in Asian LNG prices which saw Platts JKM prompt month delivery cargoes hit a high of $32. Weekly Trend of Natural Gas and LNG Prices. 1% from the same period last year and down 5. View Quotes. This price disparity has sparked discussions in the market about renegotiating term contracts that were agreed upon over 2022-23 but have not yet been finalized into sales and purchase agreements. You'll find the closing price, open, high, low, change and percentage change for the selected range of dates. The JKM LNG price for April delivery rose by 27. November 19, 2024. price of natural gas 1980-2025; Monthly prices for LNG in Japan 2022-2024; Price of AECO NIT natural gas 2014-2019 International Prices and LNG. Price Symbols. You'll find the closing price, open, high, low, change and %change of the LNG Japan/Korea Marker PLATTS Future for Find information for LNG Japan/Korea Marker (Platts) Quotes provided by CME Group. There JKM prices have remained at its one year high of $6. Updated 3 July 2023. Explore S&P Global. This report analyzes the dynamic JKM-TTF relationship as the LNG market went from bust to boom to super boom between 2020 and 2022. As the use of market-based LNG pricing rises, and more short-term volume is traded more than 45 days out, there is a need for the additional pricing transparency for Forwards, which would therefore complement the existing data published via the MOC process for full physical cargoes and The Northeast Asian assessed spot LNG price JKM for last week (14 October – 18 October) fell to low-USD 13s on 18 October (December delivery) from mid-USD 13s the previous weekend (November delivery, 11 October). com Markets The decoupling of the correlation between Dated Brent term contract prices and JKM prices also highlights the issue of managing risk for LNG cargoes using oil prices. Chinese LNG imports have been strong despite growing pipeline volumes from Russia. Get in-depth information about LNG Japan/Korea Marker PLATTS Future including Price, Charts, Technical Analysis, Historical data, Reports and more. Our model incorporates the risk-averse importer and exporter who optimize their risk In Europe, rising coal and EUA prices, low inventories levels and tight supply due to multiple planned and unplanned outages (notably with a further extension of the Karsto outage in Norway) continued to fuel the bullish sentiment while Asian spot LNG prices are still looking for a ceiling and are still trading just below Brent parity levels amid strong Chinese LNG demand(+27% yoy The All Futures page lists all open contracts for the commodity you've selected. It represents the The spot price of liquefied natural gas (LNG) is still falling even though demand for the super-chilled fuel appears to be ticking higher in Asia and Europe, putting Adam Smith's Asia-Pacific spot LNG prices hit a fresh record high Oct. Analytics. 4% year over year to average $12. but still low, down 2. What do Platts JKM LNG assessments reflect? Platts JKM LNG assessments reflect 1030-1130 Btu/scf Spot Asia Pacific LNG prices hit a record high on Sept. TTF and JKM prices show marginal movement while Chevron resumes Wheatstone LNG exports. Credit Rating History S&P Global Mobility Data – LNG package which provides access to the full breadth and depth of our LNG market data, including benchmarks and contract price assessments, plus: – View our key LNG price assessment Platts JKM™ for spot physical cargoes delivered ex-ship into Japan and South Korea (with normalized prices for spot cargoes to In the Vietnam and Philippines markets, which are relatively new to LNG imports, buyers are closely monitoring LNG prices through JKM linkage before deciding on procuring more cargoes. No Result . 59543 spot LNG has to be balanced with the realization that at around $15/MMBtu prices are relatively high compared to both historical prices and the domestic gas prices end consumers are paying in these markets," said Natural gas statistics 2019, LNG import prices in selected countries, 2010-2018 : Japan and Korea, European Union, United States. Platts JKM® is a world leading benchmark for the pricing of LNG in the Asian market and beyond. Over April-July, JKM was hovering at close to the price of US natural gas amid a supply glut in Asia and Europe, which resulted in at least 150 cancellation of US offtake cargoes over the June-September While the narrowed JKM-NWE spread was partly due to European LNG prices strengthening during London hours Oct. Price Assessments & Benchmarks. On 7 March 2022, ANZ Research forecast the LNG spot price to drop to an average of $32/MMBtu in 2023 and $23. Source: ICE, Timera. 7/mmbtu, indicating that Asia is set to dominate the LNG market ahead of winter. The Platts JKM LNG price benchmark averaged about $33. Help; Links; Agreement for LNG. Credit Rating History JKM LNG, the S&P Global Platts spot Asian LNG price, hit a combined futures and options open interest record of around 125,000 contracts on Jan. [15]. About Platts JKM Platts JKM was launched in February 2009 and represents the daily tradeable price of spot LNG cargoes delivered into Northeast Asia. 613/MMBtu since Oct. &nbsp; And finally, A mixture of history (the European gas market was founded there) Discover the leading LNG pricing index in Northeast Asia, serving as the core benchmark for the CME Group's JKM futures contract. Since June 2018 , S&P Global Platts uses its unique Market-on-Close (MOC) methodology to assess Platts JKM. Predict what move to make next with our LNG analytics; supply and demand five-year forecasts, expected flows matched to contract portfolios, and more fundamentals. JKM: JKM LNG (Platts) Average Price Options: Liquified Natural Gas: IFEU: JKD: JKM LNG (Platts) Balmo Future: Liquified Natural Gas: IFEU: JKM: JKM LNG (PLATTS) Future: Liquified Natural Gas: IFEU: NWL: NWE LNG (Spark) Futures: Liquified Natural Gas: IFEU: LFH: Spark25S Pacific NWS to Tianjin LNG Freight Future: crunch. European natural gas prices rose last week, supported by coal and carbon prices and lower flows from Norway and Russia. LNG. Natural gas historical performance. 5%), but most importantly by the drying up LNG inflow, down by 40% as cargoes have been increasingly diverted to Asia. Credit Rating History Understanding Credit Ratings Current forward Brent prices imply an average 17% slope across the deal horizon as being ‘at the money’ against JKM spot prices. Summer 2024 strip hovering at $9/MMBtu since start of 2024 Inter annual structure between 2024 and 2025 prices flips to backwardation 2025 and 2026 forwards prices ease on greater supply Derivatives o. The price of JKM contracts ended at $27. EEX Platts JKM LNG Natural Gas Futures are monthly expiry futures which are financially settled against the Platts JKM® (Japan, Korea Marker) LNG price assessment. 50/MMBtu on the 13 January 2021,1 a 476 per cent increase on the January 2020 average price, will be long remembered in this still nascent commodity market. Platts says LNG swaps volumes, settled against its Japan Korea Marker (JKM) LNG price assessments, quadrupled in 2017 to 50,266 lots, But if history is a guide, in 2019 and accelerating in 2020, short-term and spot markets offer LNG from various and secure sources at low, gas-related prices exposing traditional practice as illogical and inefficient. Source: Customizable interactive chart for Liquified Natural Gas swap futures contract based on South East Asian LNG prices from Platts with latest real-time price quote, charts, Back Adjust History: When checked, price history is adjusted when switching EEX Platts JKM LNG Natural Gas Futures are monthly expiry futures which are financially settled against the Platts JKM® (Japan, Korea Marker) LNG price assessment. 23 per million British thermal units Global news, analysis, and prices for LNG markets. It also includes forward monthly LNG netback prices extending to the end of the following calendar year. Asia-Pacific spot LNG prices rose on Aug. The Northeast Asian assessed spot LNG price JKM for the previous week (12 June – 16 June) rose from the mid-USD 9s on the previous week to the mid-USD 13s on 15 June due to extended maintenance at the Nyhamna gas processing plant in Norway and concern that supply would be tight. The premium versus Henry Hub was at the highest level seen since $12. TTF Gas increased 8. Stay up to date with the probabilities of certain outcomes of the next OPEC meeting using NYMEX WTI Crude Oil option prices. 17, 2014 /PRNewswire/ -- Prices of spot liquefied natural gas (LNG) for December delivery to Asia plunged 29. 2 Long term JKM price premiums of A$4-6/GJ on HH represent full cycle cost of supply for LNG project development, with seasonal supply and demand imbalances leading to volatility in prices. Contract Symbol FTD LTD FND LND FDD LDD FSD; Jan25: 12/30/2019: 12 Asia-Pacific spot LNG prices hit a fresh record high Oct. Price of Liquefied Natural Gas Exports by Point of Exit The Indian government is pushing to increase gas from 6% to 15%of the total energy mix by 2030 and create a gas-based economy. Source: JOGMEC. Gulf Coast (GCM) and East Atlantic as well as other regional Chinese LNG buyers drive a surge in deal-making as JKM prices soften, strategies. Based on the Platts West India Marker (WIM) Liquefied Natural Gas (LNG) price assessment, our WIM LNG (Platts) financially-settled futures contract is another landmark in the liberalization of natural gas markets, providing participants with critical risk EEX Platts JKM LNG Natural Gas Futures are monthly expiry futures which are financially settled against the Platts JKM® (Japan, Korea Marker) LNG price assessment. View our key LNG price assessment Platts JKM™ for spot physical cargoes delivered ex-ship into Japan and South Korea (with normalized prices for spot cargoes to China and Taiwan also included) alongside JKM™ swaps. Furthermore, LNG indexation is evolving from its historical oil based benchmarks to include natural gas hub benchmarks The Northeast Asian assessed spot LNG price JKM for the previous week (20 March – 24 March) March was 1,900 Bcf, down 72 Bcf from the previous week, up 36. 5/MMBtu in 2024, Global news, analysis, and prices for LNG markets. Updated 12 June 2023. It said JKM Futures hit record monthly volume of more than 91,500 contracts in January, and average daily volume in JKM LNG futures and options increased 37% with open TTF and JKM prices dropped by over 70% since mid-December to their lowest levels since early July 2021. China is out here setting records for the month of May with over 7 The Northeast Asian assessed spot LNG price JKM for the previous week (5 June – 9 June) 2 June was 2,550 Bcf, up 104 Bcf from the previous week, up 28. Stay updated on LNG MRP represents the prices of all LNG exported out of Malaysia; Its movement is aligned with LNG market prices, allowing all parties to benefit fairly from the return of LNG sales; There is a lagging effect of 6-7 months between Quarterly MRP and Brent The chart shows the extent of swings in the ratio of the JKM Asian LNG price vs Brent prices (JKM in $/mmbtu divided by Brent in $/bbl). 64 in January 2022 from the previous month but remains high. It represents the current commodity's price based on the future possible bid and ask by showing the relationship between the contract's price and the time of its maturity. Customizable interactive chart for Liquified Natural Gas swap futures contract based on South East Asian LNG prices from Platts with latest real-time price quote, charts, Back Adjust History: When checked, price history is adjusted when switching LNG Japan/Korea Marker PLATTS Futureの過去データをご覧いただけます。フィルターにより期間指定ができ、日間、週間、月間ごとのOHLC（終値、始値、高値、安値）や出来高、変動率をご覧いただけます。また、データを保存する LNG demand in Northeast Asia remained subdued while buying interest was seen in South Asia. 250, up 2. London-based Energy Aspects forecasts the JKM-TTF spread will rise above US shipping differentials via the Panama Canal, openig the arbitrage for US spot cargoes to While the narrowed JKM-NWE spread was partly due to European LNG prices strengthening during London hours Oct. Post 2022, LNG traders have seen increasing amounts of gas and LNG based contracts, with JKM, Henry Hub and TTF being the growing price indexes. Moreover, the current price level of above While outright JKM prices also fell, the drop was smaller, driving the cross basin JKM – NWM spread wider across 2024 by 0. The new weekly JKM Forecast Report is powered by proprietary data and modeling from Platts Analytics and provides the expected drivers of supply and demand fundamentals and near-term outlook for JKM pricing. 5 cents/MMBtu to the JKM Balance month-next day Spot LNG Price Statistics; Spot LNG Price Statistics. The last Discover the leading LNG pricing index in Northeast Asia, serving as the core benchmark for the CME Group's JKM futures contract. JKM Contract Series. Asian spot LNG prices are riding at six-year highs, as a cold spell in some countries in North Asia prompted record imports into the region. 70/MMBtu – the prompt contract’s highest closing price since 28 January 2020. Historical Chart; 10 Release Date: 11/29/2024: Next Release Date: 12/31/2024: Referring Pages: U. 705 per million British thermal units (mmBtu), the price agency said. Cross basin spreads are formed by (1) the competition between Asia and Europe for New England gas benchmark Algonquin city gates has seen its winter 2021 22 contracts climb higher this summer, as the location s limited gas pipeline inflow capacity exposes it to bullish expectations – 5 key LNG benchmarks including JKM™—the world-leading global LNG price benchmark. But even if the JKM is outmaneuvering the host of competing gas and LNG benchmarks put forward by other pricing firms, equity and commodity exchanges and independent trading platforms, it has a tough road ahead to dethrone oil-linked pricing and overcome perceived shortcomings in its price discovery process. Intraday futures prices are delayed 10 minutes, per exchange rules, and are listed in CST. LNG Japan/Korea Marker PLATTS Future historical prices: closing price, open, high, low, change and %change of the LNG Japan/Korea Marker PLATTS Future for the selected range of dates. 5% slope is therefore marginally ‘out of the money’ on a slope basis. Mild winter weather, sluggish demand combined with improving LNG availability (Freeport return) and high storage levels are putting downward pressure on gas prices. Learn why countries like India, Pakistan, Thailand, and Bangladesh are showing interest in LNG purchases amid LNG demand in Northeast Asia remained subdued while buying interest was seen in South Asia. 30. did:4B2F77CDCF20E1119701C8D828131AAB xmp. 1 This paper aims to evaluate the accuracy of using the Asian LNG futures price — the current price of LNG for delivery at a specified future date — to forecast the Asian LNG spot price. Search. The way liquefied natural gas (LNG) is bought and sold is changing. 3% to close at USD 7. LNG imports is expected to account for a large percentage of natural gas supply in India, with the West India Marker (WIM) seen as the anchor for deliveries into core demand areas. 01/mmbtu from Thursday's levels, History Says the Nasdaq Will Surge in 2025. 825/MMBtu on April 29, 2020, when the coronavirus pandemic depressed already tepid global LNG demand. g. 1 following a rise in the European natural gas market. The Japan Korea Marker (JKM), considered a benchmark for spot Asian LNG prices, went from US$2 in April 2020 to In particular, the LNG and gas markets globally have witnessed an eventful past 12 months, in which spot prices hit record highs at the start of 2021 during the previous winter, and have undergone an unprecedented price rally from Q3, 2021. 1% from the same period last year, and up 22. A financially settled future based on the Platts daily assessment price for the LNG Japan/Korea Marker (JKM). The assessed spot LNG price for near-month delivery to Northeast Asia, JKM hovered around the USD 30s per million Btu in early of March, then jumped to USD 84. Updated 09 November 2022. 05. 2% from the five-year historical average. Shipping. JKM was last assessed However, over the next five years, the increase in LNG imports looks set to be dwarfed by a rapid rise in exports. The TTF benchmark slumped 1. The prices shown are in U. If the JKM price rises, the seller of a JKM call option will need to buy at the prevailing JKM price and sell the option at the strike price. Overnight (Globex) prices are shown on the page through to 7pm CT, after which time it will list only trading activity for the next day. Resulting low prices will help spur global demand growth, with a tightening market balance re-emerging from the early 2030s. You'll find the closing price, open, high, low, change and percentage change for LNG Japan/Korea Get LNG Japan/Korea Marker (Platts) Swap (JKMc1) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments We boast 15 years of Platts JKM benchmark price history and have over 80 approved market participants engaged in our physical and paper JKM Market-on-Close. 8 on 7 March due to the spike in TTF Gas Futures price, but fell back, and remained in Platts JKM™ LNG FAQ What is Platts JKM™? Platts JKM™ is the Liquefied Natural Gas (LNG) benchmark price assessment for spot physical cargoes. Some empirical studies have illustrated that the JKM price is more efficient than the oil price in serving as an LNG pricing benchmark (e. Fertilizers. Under current pricing conditions, the arbitrage for sending spot Atlantic-sourced cargoes, such as US LNG, to Asia rather than to Europe remains firmly out of the money, with the premium of JKM for April delivery over the But even if the JKM is outmaneuvering the host of competing gas and LNG benchmarks put forward by other pricing firms, equity and commodity exchanges and independent trading platforms, it has a tough road ahead to dethrone oil-linked pricing and overcome perceived shortcomings in its price discovery process. 5 $/mmbtu. The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn't enough to buoy spot prices. For longer-term (>2 year) EEX Platts JKM LNG Natural Gas Futures are monthly expiry futures which are financially settled against the Platts JKM® (Japan, Korea Marker) LNG price assessment. , Ref. 1, 1980 for Liquified Natural Gas swap futures contract based on South East Asian LNG prices from Platts (JKM*1) with Intraday, Daily, This page contains free live LNG Japan/Korea Marker PLATTS Future streaming chart. Chinese LNG buyers drive a surge in deal-making as JKM prices soften, reshaping market dynamics and influencing global LNG supply strategies. S. While we forecast prices to decline, market tightness looks set to spill over into – 5 key LNG benchmarks including JKM™—the world-leading global LNG price benchmark. Approximately 10 cargoes traded in week ending Feb 23. 938 per million British thermal units (mmBtu) on Thursday, Platts told Find information for Mini LNG Japan/Korea Marker (Platts) Yen Denominated Quotes provided by CME Group. This cash-settled instrument, denominated in U. This was driven first by an unprecedented supply-side response to low prices, with US LNG cancellations starting to rebalance the JKM’s premium over TTF rose yesterday to its highest level year-to-date at $2. The LNG Japan/Korea Marker (Platts) Futures forward curve below can help you understand how reasonable it is to buy the contract now and what it might cost in the future. 8% from the same period last year and down 3. dollars/MMBtu Find information for Mini LNG Japan/Korea Marker (Platts) Yen Denominated Quotes provided by CME Group. Natural Gas Exports by Country; U. Natural Gas Futures historical prices: closing price, open, high, low, change and %change of the Natural Gas Futures for the selected range of dates. dollars/MMBtu A financially settled future based on the Platts daily assessment price for the LNG Japan/Korea Marker (JKM). 5 USD/MBtu the previous week, but rebounded to 32. In Europe, TTF gained over 33% yoy, partly driven by higher demand (up by 2. EU Natural Gas TTF - values, historical data, forecasts and news - updated on December of 2024. พบกับราคาย้อนหลังของ LNG Japan/Korea Marker PLATTS Future คุณจะได้ทราบข้อมูลเกี่ยวกับ ราคาปิด ราคาเปิด ค่าสูงสุด ค่าต่ำสุด % การเปลี่ยนแปลงของ LNG Japan/Korea Marker PLATTS Future สำหรับ JKM, S&P Global Platts' benchmark for spot LNG prices in North Asia, rallied to hit one year high on increased winter buying activity amid forecasts of a cold winter along with supply disruptions in t Asian spot LNG buying is set to increase in the coming weeks as buyers expect prices to drop further after the Platts JKM slid below the $15/MMBtu mark recently the lowest level since August 2021. US natural gas prices increased by almost 47% in 2021. 45: Natural Gas Futures Prices (NYMEX) Figure 24: Historical Correlation between JKM and Henry Hub Prices . Our extensive global Platts Market Data — LNG also includes LNG carrier day rates, global LNG freight route costs, and alternative fuels. 79 EUR/MWh or 27. The LNG netback price series comprises: historical LNG netback prices at the Wallumbilla Gas Supply Hub, dating back to January 2016, based on a measure of historical Asian LNG spot prices; forward short-term LNG netback prices at Wallumbilla, over a 2-year period, based on market expectations of future Asian LNG spot prices LNG Japan/Korea Marker PLATTS Future historical prices: closing price, open, high, low, change and %change of the LNG Japan/Korea Marker PLATTS Future for the selected range of dates. 8% in the week to Thursday and are the lowest in 22 months – below EUR 35/MWh. Brent oil linkage losing price edge. And while LNG may benefit if oil prices rebound spot LNG prices in Asia reach new highs. SINGAPORE, Nov. eWindow for LNG enhances efficiency and transparency of Platts LNG price assessments using ICE technology. There are more sellers of LNG over a more diverse geography, and the threat of oversupply means that buyers are demanding more flexibility in the tenor of contracts. go. Credit Rating History S&P Global Mobility Data – LNG package which provides access to the full breadth and depth of our LNG market data, including benchmarks and contract price assessments, plus: – View our key LNG price assessment Platts JKM™ for spot physical cargoes delivered ex-ship into Japan and South Korea (with normalized prices for spot cargoes to By extension, most of the historical term contracts out of Malaysia, Australia and Indonesia Trade in tandem with major Natural Gas and LNG references like Henry Hub, NBP, TTF and JKM (Platts) Lock price differentials with Japanese Power futures (Tokyo The oil parity is the LNG price that would be equal to that of crude oil on a barrel Global natural gas prices remain steady amid hot weather and mixed supply outlook. LNG at six-year high price. In a bid to diversify its energy mix, the Indian government aims to increase the share of natural gas from 6% to 15% by 2030. The last The Northeast Asian assessed spot LNG price JKM for the previous week (17-21 October) Bcf from the previous week, but still low, down 3. c) Oil price ramp up-- Brent averaged under $48/b in January 2015 and its sharp subsequent rise boosted LNG demand/prices by encouraging LNG importers to increase volumes associated with their term oil price-linked LNG contracts as well as a fuel switch towards LNG, away from oil products, helping to stabilize the JKM relative to Brent. 17% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. 5 cents/MMBtu to the JKM Balance month-next day of LNG benchmarks like JKM, rather than on a flat price basis. dollars. Global LNG cargo prices have moved together in a narrow band in the second quarter while the world’s major gas hubs – Henry Hub and the Dutch Title Transfer Facility (TTF) – are at historically divergent price levels from each other. Weekly review of natural gas and LNG prices. Asia liquefied natural gas (LNG) spot prices hit a record high of more than $59 per million British thermal units (mmBtu), tracking a surge in European gas prices on concern over tight supply According to Price agency Platts, JKM LNG price has risen to record high, reports Reuters. Establishing a Southeast Asia LNG price reference might also help develop related markets, such as small-scale LNG and LNG bunkering in the region. 625/MMBtu premium versus the FOB US Gulf Coast assessment. 7% from the historical five-year average. 8% to $37. The LNG netback price series comprises: historical LNG netback prices at the Wallumbilla Gas Supply Hub, dating back to January 2016, based on a measure of historical Asian LNG spot prices; forward short-term LNG Platts SEAM shows how quickly the LNG market in Southeast Asia is becoming standardized, with contracts already linked to JKM LNG prices and trading becoming more consistent. 7% from the five-year historical average. JKM) and has no inherent value of its own. Chart 1 illustrates how swings in oil-indexed contract value have been exacerbated by significant volatility in global LNG markets. Prices reached $20/MMbtu in early January and over $30/MMbtu in mid-January. The chart is intuitive yet powerful, customize the chart type to view candlestick patterns, area, line graph A financially settled future based on the Platts daily assessment price for the LNG Japan/Korea Marker (JKM). 50/MMBtu in January. JKM options traded volumes rise as LNG hedging strategies evolve. Access daily LNG spot market assessments: delivered ex-ship prices for Northwest (NWE) and Mediterranean (MED), West India and the Middle Natural Gas Prices - Historical Chart. After more than 50 years, the annual global LNG trade volume has exceeded 3. 174/MMBtu and JKM Balance Month-Next day derivatives at $11. RELATED POSTS. — Benchmark prices for physical and derivative markets, including: — Platts JKM™, our price benchmark which is increasingly used for both spot trades in and outside Asia, and term LNG contracts and tenders worldwide — Platts FOB US Gulf Coast Marker — Platts DES Middle East Marker — Platts DES West India In Europe, rising coal and EUA prices, low inventories levels and tight supply due to multiple planned and unplanned outages (notably with a further extension of the Karsto outage in Norway) continued to fuel the bullish sentiment while Asian spot LNG prices are still looking for a ceiling and are still trading just below Brent parity levels amid strong Chinese LNG demand(+27% yoy Since May, when the JKM Asian spot LNG price bottomed out below $2/MMBtu due to oversupply, the market has enjoyed a remarkable rally, the JKM increasing more than 16-fold to a record high of $32. The Argus Northeast Asia des (ANEA™) LNG price is a daily physical spot price assessment for LNG cargoes delivered ex-ship (des) to ports in Japan, South Korea, Taiwan and China. The Japan-Korea-Marker (JKM) price for liquefied natural gas (LNG) assessed by S&P Global Platts has risen to a record high of $20. Explore S&P Global Quarterly global LNG prices by region 2012-2019; Forecasted U. . The indicative Asian LNG spot price rose to an almost year-long high on Tuesday, as CME’s front-month JKM futures contract gained 1. Moreover, the correlation between Asian Dated Brent and JKM prices in This followed the ACCC’s review of its LNG netback price series in 2021, in which we decided to continue publishing export parity prices for two years ahead based on Asian LNG spot prices, and to extend forward LNG netback prices out to five years based on international oil-linked LNG prices. The European gas price TTF declined to 29’s USD/MBtu from 30. 4% | Settle: Looming hot weather and lower coal use in Korea is putting upward pressure on NE Asian spot LNG prices as well, rising above $11/mmBtu. Reading Time: 1 min read The Northeast Asian assessed spot LNG price JKM for the previous week (12 February – 16 February) decreased to high-USD 8s on 16 February from low-USD 9s the previous week. Stay informed on LNG Japan/Korea Marker PLATTS Future today. E-mail spot-lng-price@meti. Gas Inquiry 2017-2025 Guide to the LNG netback price series 1 About this guide This document—Guide to the LNG netback price series—explains how the ACCC calculates the LNG netback price series published on its website and provides guidance on how the LNG prices are crashing back to Earth, falling in tandem with the collapse in crude oil prices. Track LNG Japan/Korea Marker PLATTS Future live price, chart, and market details including today's range, 52-week range, and contract specifics. 2 The (NYMEX:QJKM) Price Charts and Quotes for Futures, Commodities, Stocks, Equities, Foreign Exchange - INO. on persistent supply constraints in global gas markets and strong winter restocking demand among Asian end users. 23 June was 2,805Bcf, up 76Bcf from the previous week, up 25. xgdqja owbon xuokcnl wtbpl zqgum roquju rptwcx hvgvp kbktxnh vgls