Actual
23.18
Daily Change
-0.24 -1.00%
Monthly
8.14%
Yearly
106.64%
Q3 Forecast
23.56
Liquefied Natural Gas Japan Korea - Summary

Japan-Korea liquefied natural gas prices climbed above $23/MMBtu, reaching their highest level since January 2023, as extreme temperatures lifted power demand while disruptions in the Middle East tightened fuel supplies. Japan’s Meteorological Agency warned of unusually hot conditions across the country, increasing the need for gas-fired electricity generation. The market is also facing significant uncertainty over shipments through the Strait of Hormuz, a key route for global LNG trade. LNG flows through the waterway have been disrupted since an Iranian attack on a Qatari-owned tanker in July, raising concerns about the reliability of Middle Eastern supplies to Asian buyers. The situation raised concerns over the availability of Middle Eastern supplies for Asian buyers, particularly as the US continues efforts to increase economic pressure on Tehran. The disruption is especially significant for Japan and South Korea, which rely heavily on LNG imports to meet their energy needs.

Liquefied Natural Gas Japan Korea - Stats

LNG JKM fell to 23.18 USD/MMBTU on August 28, 2026, down 1.00% from the previous day. Over the past month, LNG JKM's price has risen 8.14%, and is up 106.64% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Liquefied Natural Gas Japan Korea reached an all time high of 69.96 in August of 2022. This page includes a chart with historical data for Liquefied Natural Gas Japan Korea. Liquefied Natural Gas Japan Korea - data, forecasts, historical chart - was last updated on August 30 of 2026.

Liquefied Natural Gas Japan Korea - Forecast

LNG JKM fell to 23.18 USD/MMBTU on August 28, 2026, down 1.00% from the previous day. Over the past month, LNG JKM's price has risen 8.14%, and is up 106.64% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Liquefied Natural Gas Japan Korea is expected to trade at 23.56 USD/MMBTU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 27.78 in 12 months time.



Price Day Month Year Date
UK Gas 163.44 -5.0500 -3.00% 10.25% 110.00% Aug/28
Ethanol 2.05 0.0300 1.49% 4.59% 4.99% Aug/28
Naphtha 745.84 0.38 0.05% -4.66% 33.38% Aug/28
Propane 0.73 0.01 1.57% -0.06% 5.82% Aug/28
Uranium 89.85 -0.5500 -0.61% 3.75% 17.22% Aug/28
Methanol 2,897.00 85.00 3.02% 10.57% 31.44% Aug/28
Coking Coal 270.00 4.00 1.50% 19.21% 43.62% Aug/28
LNG JKM 23.18 -0.24 -1.00% 8.14% 106.64% Aug/28
German Gas 68.02 -1.33 -1.92% 11.85% 102.84% Aug/28
Urals Oil 77.10 0.55 0.72% 7.23% 23.92% Aug/27


Liquefied Natural Gas Japan Korea
Liquefied natural gas (LNG) is a key global energy commodity and a rapidly growing component of electricity generation, heating, and industrial activity, particularly in regions lacking domestic natural gas resources. LNG is produced by cooling natural gas to approximately -162°C (-260°F), reducing its volume by about 600 times, which allows it to be efficiently stored and transported by specialized tanker ships across long distances. Its prices are closely monitored due to their impact on global energy costs, trade flows, and seasonal demand patterns, especially in Asia and Europe. Unlike pipeline-based natural gas markets, LNG is traded internationally, with pricing often linked to regional benchmarks such as the Japan-Korea Marker (JKM), which reflects spot LNG prices delivered to Northeast Asia. LNG supply chains involve liquefaction terminals in exporting countries, shipping via LNG carriers, and regasification terminals in importing countries where the fuel is converted back to gaseous form for distribution. Major LNG importers include Japan, South Korea, China, and European countries, while leading exporters include the United States, Qatar, and Australia. In recent years, LNG has played a critical role in enhancing energy security, diversifying supply sources, and balancing global gas markets amid shifting geopolitical and economic conditions. LNG prices displayed Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by third parties and, while efforts are made to ensure reliability, it is not independently verified and carries no guarantees of accuracy.
Actual Previous Highest Lowest Dates Unit Frequency
23.18 23.41 69.96 2.00 2012 - 2026 USD/MMBTU daily