JKM LNG Price API
Real-time pricing data for Japan Korea Marker (JKM) - the benchmark for spot LNG deliveries in Asia and the world's most important natural gas price indicator.
Why JKM LNG Matters
- ✓Primary benchmark for $150+ billion Asian LNG market
- ✓Reference price for 70% of global LNG trade
- ✓Critical for Petronas and Malaysian LNG exports
- ✓Determines spot cargo values and tender prices
- ✓Influences power generation costs across Asia
Market Specifications
- Assessment:
- S&P Global Platts
- Cargo Size:
- 135,000-175,000 m³
- Delivery Basis:
- DES (Delivered Ex Ship)
- Assessment Time:
- 16:00-16:30 Singapore time
- Publication:
- Daily
Key Price Drivers
Oil Price Link
Many Asian LNG contracts indexed to crude oil (JCC)
Winter Demand
Northeast Asian heating demand peaks Dec-Feb
Nuclear Availability
Japanese nuclear restarts reduce LNG demand
European Competition
Competition with TTF for flexible LNG cargoes
Shipping Rates
LNG vessel charter rates affect delivered costs
Storage Levels
Regional storage inventory affects spot demand
Major Import Markets
Japan
World's largest LNG importer
Annual Demand: 74.5 million tons
Terminals: 37
Major Buyers:
South Korea
Second largest Asian LNG market
Annual Demand: 46.2 million tons
Terminals: 7
Major Buyers:
China
Fastest growing LNG market
Annual Demand: 109.5 million tons
Terminals: 22
Major Buyers:
Taiwan
Key industrial gas consumer
Annual Demand: 18.6 million tons
Terminals: 2
Major Buyers:
LNG Supply Sources to Asia
Australia
30%
Long-term contracts
Qatar
20%
Long-term + spot
United States
15%
Flexible destination
Russia
10%
Pipeline + LNG
Malaysia
8%
Regional supplier
Indonesia
6%
Declining exports
API Integration
Who Uses JKM LNG Data
Power Utilities
Optimize fuel procurement strategies and forecast electricity generation costs based on LNG price trends.
LNG Traders
Execute cargo arbitrage between Atlantic and Pacific basins, optimize shipping routes and cargo timing.
Industrial Users
Manage energy costs for petrochemical, steel, and manufacturing operations dependent on natural gas.
Global LNG Price Comparison
JKM (Asia)
Japan Korea Marker
TTF (Europe)
Title Transfer Facility
Usually $1-3/MMBtu below JKM
Henry Hub (US)
US Natural Gas
Usually $5-10/MMBtu below JKM
Frequently Asked Questions
What is the JKM LNG price?
JKM (Japan Korea Marker) is the benchmark price for spot LNG (liquefied natural gas) deliveries in Northeast Asia. Published daily by S&P Global Platts, it reflects the value of LNG cargoes delivered to Japan, South Korea, China, and Taiwan. JKM is the world's most important LNG spot price indicator.
JKM reflects Asian LNG spot prices (typically $5-10/MMBtu above Henry Hub), while Henry Hub is the US natural gas benchmark and TTF is the European gas benchmark. JKM prices include liquefaction and shipping costs, making it typically the highest of the three benchmarks. Many Asian LNG contracts are also indexed to crude oil prices (JCC formula).
How can I get JKM LNG price data via API?
OilPriceAPI provides real-time JKM LNG prices through a REST API. Use the endpoint /v1/prices/latest?by_code=JKM_LNG_USD for the latest price, or /v1/prices/historical?by_code=JKM_LNG_USD for historical data. Start with a 7-day free trial — no credit card required.
What drives JKM LNG price changes?
Key drivers include: Northeast Asian winter heating demand (Dec-Feb), competition with Europe for flexible LNG cargoes, Japanese nuclear power plant availability, Chinese industrial demand growth, global LNG supply additions, and LNG shipping rates. Oil price movements also affect JKM through oil-indexed contract formulas.
Who are the largest JKM LNG market participants?
Major buyers include JERA (Japan), KOGAS (South Korea), CNOOC and PetroChina (China), and CPC Corporation (Taiwan). Major suppliers to Asia include Australia (30% of supply), Qatar (20%), the United States (15%), Russia (10%), and Malaysia (8%).