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LNG: JKM Seen Holding in Range This Week: Platts

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JKM is expected to be rangebound in the week to Dec. 27, as market participants continue to closely monitor supply availability in Europe as well as cold weather conditions globally, Platts said.

  • Uncertainty over whether Russian gas flows will continue to central Europe is leading to increased anxiety over supply security in the region, fuelling cargo competition with Asia.
  • JKM was assessed at $13.935/MMBtu Dec. 20, up 30 cents/MMBtu on the week.
  • JKM strengthened last week following European gas prices, amid tense discussion over Russian flows, Platts said.
  • Chinese demand remains lacklustre due to high inventory levels.
  • Japanese demand has also been muted amid rising LNG stocks.
  • As the Northeast Asian market remains well supplied, participants are expecting slow activity within the year-end approaching, sources told Platts.
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JKM is expected to be rangebound in the week to Dec. 27, as market participants continue to closely monitor supply availability in Europe as well as cold weather conditions globally, Platts said.

  • Uncertainty over whether Russian gas flows will continue to central Europe is leading to increased anxiety over supply security in the region, fuelling cargo competition with Asia.
  • JKM was assessed at $13.935/MMBtu Dec. 20, up 30 cents/MMBtu on the week.
  • JKM strengthened last week following European gas prices, amid tense discussion over Russian flows, Platts said.
  • Chinese demand remains lacklustre due to high inventory levels.
  • Japanese demand has also been muted amid rising LNG stocks.
  • As the Northeast Asian market remains well supplied, participants are expecting slow activity within the year-end approaching, sources told Platts.