BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Platts JKM dips to 8-week low at $7/MMBtu

Agriculture | Grains | Energy | Thermal Coal | LNG | Natural Gas | Oil | Crude Oil | LPG | Refined Products | Petrochemicals | Shipping | Tankers

Market Movers Asia, Jun 24-28: Trump, Xi to meet at G20 summit; US to announce additional sanctions on Iran

Natural Gas | Oil

Platts Scenario Planning Service

Commodities | LNG | Natural Gas | Marine Fuels | Tankers | Banking

18th Annual LNG Conference

Electric Power | LNG | Natural Gas

López Obrador se compromete a solucionar los problemas de electricidad y gas en la península de Yucatán

Platts JKM dips to 8-week low at $7/MMBtu

Houston — The Platts JKM, a spot-market price index of the Asian LNG market, dipped to an eight-week low Tuesday when February-delivery cargoes to Northeast Asia were assessed at $7/MMBtu.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The JKM has been on the decline since early December as new production from the Asia Pacific LNG and Gladstone LNG export facilities in Australia continue put pressure on an already-saturated spot market.

Earlier this week offer prices to dipped into the low-$7s/MMBtu as limited demand from end-users in the Asia Pacific region met with additional supply heard on offer from Papua New Guinea LNG and Russia's Sakhalin.

Amid market discussion of recent spot deals concluded around $7/MMBtu to Japanese power utility Kansai Electric and PetroChina, portfolio sellers moved Tuesday to size up remaining demand for the period.



At least three cargoes were offered at $7.00-$7.10/MMBtu from Nigeria and Gladstone, market sources said. Additional Australian-sourced lean-gas cargoes were also heard on offer, reportedly below $7/MMBtu. The offers however, made for commissioning cargoes on an FOB basis with no guaranteed loading date, were not entirely reflective of fair-market value.

On Wednesday, sentiment weakened further as many market participants expected that sellers who were unsuccessful in their bid to supply Pakistan State Oil's prompt, 7-cargo tender, would likely reoffer their volumes into the market, putting still more pressure on prices.

The JKM dipped to a 5-year low in early October at $6.50/MMBtu as crude-linked supply contracts, excess production and weak demand -- stemming from alternative power sources and mild-weather--pushed the price index to lows not seen since the days prior to the Fukushima nuclear disaster.

The JKM was assessed flat Wednesday at $7/MMBtu with H1 February at $7.10/MMBtu and H2 February at $6.90/MMBtu, Platts data showed.

--J. Robinson, jonathan.robinson@platts.com
--Edited by Richard Rubin, richard.rubin@platts.com