LNG Japan/Korea Marker
LNG Japan/Korea Marker Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-16 | $18 | 131 | 133 | 0.43 |
| 2023-02-15 | $18 | 131 | 133 | 0.43 |
| 2023-02-14 | $18 | 131 | 133 | 0.43 |
| 2023-02-13 | $18 | 131 | 133 | 0.43 |
| 2023-02-10 | $18 | 132 | 134 | 0.43 |
| 2023-02-09 | $18 | 131 | 133 | 0.43 |
| 2023-02-08 | $18 | 131 | 134 | 0.43 |
| 2023-02-07 | $18 | 133 | 135 | 0.43 |
| 2023-02-06 | $18 | 136 | 138 | 0.44 |
| 2023-02-03 | $19 | 136 | 138 | 0.44 |
| 2023-02-02 | $18 | 135 | 137 | 0.44 |
| 2023-02-01 | $19 | 139 | 141 | 0.45 |
| 2023-01-31 | $19 | 139 | 142 | 0.45 |
| 2023-01-30 | $19 | 143 | 145 | 0.46 |
| 2023-01-27 | $20 | 143 | 145 | 0.46 |
| 2023-01-26 | $21 | 153 | 156 | 0.5 |
| 2023-01-25 | $22 | 162 | 165 | 0.53 |
| 2023-01-24 | $23 | 170 | 173 | 0.55 |
| 2023-01-19 | $23 | 168 | 171 | 0.55 |
| 2023-01-18 | $27 | 196 | 200 | 0.64 |
| 2023-01-17 | $27 | 196 | 200 | 0.64 |
| 2023-01-13 | $27 | 196 | 200 | 0.64 |
| 2023-01-12 | $27 | 196 | 199 | 0.64 |
| 2023-01-11 | $27 | 197 | 200 | 0.64 |
| 2023-01-10 | $27 | 198 | 202 | 0.64 |
| 2023-01-09 | $27 | 199 | 202 | 0.65 |
| 2023-01-06 | $28 | 209 | 212 | 0.68 |
| 2023-01-05 | $29 | 211 | 215 | 0.69 |
| 2023-01-04 | $30 | 216 | 220 | 0.7 |
| 2023-01-03 | $29 | 215 | 219 | 0.7 |
LNG Japan/Korea Marker Historical price
- In 2020 maximum price $14 per bbl (2020-12-31)
- In 2021 maximum price $30 per bbl (2021-12-31)
- In 2022 maximum price $30 per bbl (2022-12-30)
- In 2023 maximum price $18 per bbl (2023-02-16)
LNG Japan/Korea Marker Crude Oil: An In-Depth Analysis
LNG, or liquefied natural gas, has been a significant energy source for the world for decades now. It is considered a clean, efficient, and economical alternative to traditional fossil fuels, and it has been gaining more and more attention in recent years. The Japan/Korea Marker (JKM) is a benchmark price for the Asia-Pacific region, and it is one of the most important indicators for the global LNG market. In this article, we will take a closer look at the JKM, its role in the LNG market, and what makes it such a crucial benchmark price.
The Importance of the Japan/Korea Marker
The JKM was first introduced in 2014 and has quickly become the benchmark price for LNG in the Asia-Pacific region. It reflects the price of LNG cargoes delivered to Japan and South Korea, two of the largest importers of LNG in the world. The JKM is used as a reference point for pricing LNG contracts and provides a more transparent and accurate picture of the LNG market in Asia.
The JKM is widely used by industry participants such as traders, producers, and buyers, as well as by financial institutions and investors. It provides a valuable reference for pricing LNG contracts, and it is also used to set the prices of LNG derivatives, such as futures and options.
Factors that Influence the JKM
There are several factors that can impact the JKM, including changes in demand and supply, geopolitical tensions, and global energy market trends. The JKM is also influenced by factors such as transportation costs, weather conditions, and economic indicators. In addition, the JKM can be impacted by natural disasters and other events that disrupt the supply chain, as well as by government policies and regulations.
The JKM and Crude Oil
One of the key factors that impact the JKM is the price of crude oil. Crude oil is widely used as a benchmark for pricing energy products, and it is also a major input in the production of LNG. As a result, changes in the price of crude oil can have a significant impact on the JKM.
There is a close relationship between the JKM and crude oil prices, and this relationship has become even more significant in recent years. The JKM has tended to follow the trend of crude oil prices, with periods of strong correlation and periods of weaker correlation.
Conclusion
The Japan/Korea Marker is a crucial benchmark price for the Asia-Pacific region and the global LNG market. It provides valuable insights into the state of the LNG market and the factors that influence it, including demand and supply, geopolitical tensions, and global energy market trends. The close relationship between the JKM and crude oil prices makes it an important reference point for industry participants and investors, and it will continue to play a critical role in the LNG market for years to come.
Frequently Asked Questions on the Japan/Korea Marker
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What is the Japan/Korea Marker? The Japan/Korea Marker (JKM) is a benchmark price for liquefied natural gas (LNG) in the Asia-Pacific region. It reflects the price of LNG cargoes delivered to Japan and South Korea, two of the largest importers of LNG in the world.
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Why is the JKM important? The JKM is important because it is widely used as a reference point for pricing LNG contracts and it provides a more transparent and accurate picture of the LNG market in Asia. It is used by industry participants, financial institutions, and investors to make informed decisions about LNG contracts and investments.
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What factors influence the JKM? The JKM is influenced by several factors, including changes in demand and supply, geopolitical tensions, global energy market trends, transportation costs, weather conditions, economic indicators, natural disasters, and government policies and regulations.
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How does the JKM relate to crude oil? The JKM and crude oil prices are closely related, as crude oil is a major input in the production of LNG. Changes in the price of crude oil can have a significant impact on the JKM, and the relationship between the two has become even more significant in recent years.
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What is the future outlook for the JKM? The JKM will continue to play a critical role in the LNG market for years to come, as the demand for LNG continues to grow in the Asia-Pacific region. The close relationship between the JKM and crude oil prices makes it an important reference point for industry participants and investors, and it is likely that the JKM will continue to be widely used as a benchmark price for LNG in the region.
In conclusion, the Japan/Korea Marker is a crucial benchmark price for the Asia-Pacific region and the global LNG market. Understanding the JKM and the factors that influence it can provide valuable insights into the state of the LNG market and help industry participants, financial institutions, and investors make informed decisions about LNG contracts and investments.
Sources for Further Information on the Japan/Korea Marker
To learn more about the Japan/Korea Marker and the global LNG market, the following sources provide valuable information and insights:
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International Gas Union (IGU): The IGU is a global organization that represents the interests of the gas industry and provides information and insights on the latest developments in the gas sector.
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Platts JKM: Platts is a leading provider of energy and commodities information and is widely recognized as a reliable source for information on the JKM. Platts provides daily assessments of the JKM and other LNG benchmarks, along with analysis and commentary on the latest developments in the LNG market.
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Energy Information Administration (EIA): The EIA is a statistical agency of the U.S. Department of Energy that provides impartial and comprehensive information on energy and energy-related topics. The EIA provides data, analysis, and forecasts on the LNG market and the impact of factors such as changes in supply and demand, geopolitical tensions, and government policies.
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World Bank: The World Bank provides data and analysis on a wide range of economic and development indicators, including energy and commodity prices. The World Bank's data on LNG prices, including the JKM, provides valuable insights into the state of the global LNG market.
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Royal Dutch Shell: Royal Dutch Shell is a leading energy company that is active in the LNG market. The company provides information and analysis on the latest developments in the LNG sector, including the JKM and other benchmark prices.
These sources can provide valuable insights into the state of the global LNG market and the Japan/Korea Marker. By keeping up-to-date on the latest developments in the LNG sector, industry participants, financial institutions, and investors can make informed decisions about LNG contracts and investments.
