The JKM LNG price, also known as the Japan Korea Marker, is a key benchmark for spot liquefied natural gas delivered into Northeast Asia. It is widely followed by LNG traders, energy analysts, utilities, and risk teams because it reflects the cost of flexible LNG cargoes in one of the world’s most important demand regions.
JKM is assessed daily by S&P Global Platts and is used as a reference price in LNG supply contracts, financial derivatives, and risk management frameworks across Asia and globally. Unlike pipeline gas, LNG is transported by ship — making JKM highly sensitive to shipping costs, geopolitical supply disruption, and competition from European buyers.
🎯 What Moves the JKM LNG Spot Price?
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Asian Demand
Japan, South Korea, China, and Taiwan drive the bulk of Northeast Asian LNG demand. Seasonal peaks and industrial activity directly move spot prices.
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European LNG Competition
When Europe competes aggressively for LNG cargoes — especially in winter — JKM rises as supply tightens in the Atlantic basin.
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Weather Patterns
Cold winters and hot summers sharply increase gas demand for heating and power generation, creating rapid spikes in LNG spot prices.
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Shipping & Freight
LNG carrier availability, Panama Canal restrictions, and route disruptions affect the effective delivered cost and cargo economics.
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Geopolitical Risk
Supply shocks, sanctions, chokepoint disruptions, and war risk in key supply regions create sudden pricing dislocations in spot markets.
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Storage & Inventory
Low gas storage levels in importing countries raise urgency for spot LNG buying, amplifying price moves during peak demand periods.
⚠️ JKM LNG Price and Energy Risk Context
EnergyRiskIQ Risk Intelligence Context
Price alone does not explain LNG risk. A rising JKM price may reflect normal seasonal demand, but it may also signal tightening supply, regional competition for LNG cargoes, or geopolitical pressure on global gas flows.
EnergyRiskIQ connects JKM price movement with broader energy risk indicators such as European gas stress, global escalation risk, LNG supply disruption alerts, and market volatility. The current GERI reading of 17/100 (LOW) and EERI at 16/100 (LOW) provide the risk backdrop for interpreting today’s JKM move.
GERI
17
LOW
EERI
16
LOW
EGSI-M
5.9
LOW
⚖️ JKM LNG vs TTF, Brent and European Gas Risk
JKM vs TTF Natural Gas
The JKM–TTF spread signals Asia–Europe LNG cargo competition. A narrowing spread means Europe and Asia are competing aggressively for the same cargoes.
JKM: $16.98/MMBtu • TTF: €46.51/MWh
Normalised overlay coming soon
JKM vs Brent Crude Oil
Comparing JKM to Brent provides a broader view of energy cost parity. When LNG spot prices diverge sharply from oil benchmarks, it signals structural supply or demand shifts.
JKM vs Brent chart coming soon
JKM vs European Gas Storage
Low European gas storage increases demand for LNG imports, which competes with Asian buyers and drives JKM higher. EnergyRiskIQ tracks EU storage daily via AGSI+.
GERI and EERI track geopolitical and escalation risk in real time. Elevated risk indices often precede JKM volatility — providing a leading signal beyond price charts.
The latest EnergyRiskIQ reading shows JKM LNG at $16.98/MMBtu on 12 May 2026.
JKM stands for Japan Korea Marker, a benchmark for spot liquefied natural gas delivered into Northeast Asia. It is published daily by S&P Global Platts and is widely used as a reference price in LNG contracts and derivatives.
EnergyRiskIQ updates the JKM LNG spot price daily, typically on business days. The source is OilPrice / Firecrawl daily scrape.
EnergyRiskIQ currently tracks 110 daily JKM LNG records from 13 Jan 2026 to 12 May 2026. Historical data is continuously extended as new daily snapshots are captured.
JKM is one of the most important LNG price benchmarks because it reflects Asian spot LNG demand and global cargo competition. Traders, utilities, and risk managers use JKM to price contracts, manage exposure, and assess supply security risk across Asia and Europe.
Yes. Use the Download CSV button in the historical data table above to export all 110 daily JKM LNG records in CSV format. The download endpoint is /api/jkm-lng-spot-price.csv.
📄 Citation & Reference
How to Cite This Data
This page is updated daily with fresh JKM LNG spot price data from the EnergyRiskIQ production pipeline.
To reference this data in research, journalism, or professional reports, use the citation below.
EnergyRiskIQ. (2026). JKM LNG Spot Price — 12 May 2026.
Retrieved from https://energyriskiq.com/data/jkm-lng-spot-price
Data source: OilPrice / Firecrawl daily scrape. 110 daily records from 13 Jan 2026.