NATGAS - LNG NWE JAPAN KOREA in $/Mmbtu
LNG NWE ARA, Japan/Korea Marker, Back month, Front Month, Japan Crude Cocktail..
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last update: 2025-09-12 23:00:05 GMT
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| NGLN | LN | NWE | NWE | NWE | JP | JP/KR | JP/KR | JP/KR | JP | USG | AU | USG | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICE | HENRY HUB TTF NATGAS SPREAD | LNG NWE A.R.A MARKER | LNG North West EU (ICE) | LNG South West EU (ICE) | LNG JAPAN MARKER | LNG JP/KR MARKER FRONT | LNG JAPAN MARKER | LNG JP/KR MARKER BACK | LNG JP Crude Cocktail | LNG FREIGHT ROUTE US GULF TO CONTINENT RV | LNG FREIGHT ROUTE AUSTRALIA TO JAPAN RV | LNG FREIGHT ROUTE US GULF TO JAPAN RV | |||||||||||||
| Swap | Hub | Hub | Hub | Hub | Hub | Hub | Hub | Hub | Hub | US Gulf - Continent | Australia to Japan | US Gulf - Japan | |||||||||||||
| versus | $/Mmbtu | versus | $/Mmbtu | versus | $/Mmbtu | versus | $/Mmbtu | $/Mmbtu | $/Mmbtu | versus | $/Mmbtu | $/Mmbtu | $/Mmbtu | $/mT | $/day | $/mT | $/day | $/mT | $/day | ||||||
| Outright | NG | Outright | UKD | Outright | UKD | Outright | UKD | Outright | Outright | Outright | UKD | Outright | Outright | Outright | LNG | T.C. | LNG | T.C. | LNG | T.C. | |||||
| UKD | THD | NWM | NWL | SWL | TCM | JKF | JKM | JKB | JCC | BL2 | BL1 | BL3 | |||||||||||||
| SEP25 | 9.29 | -9.40 | 13.38 | +1.01 | 10.30 | +0.80 | 10.09 | +0.79 | 10.08 | +0.79 | 10.08 | - | 37.59 | +0.80 | 10.09 | - | 23.02 | - | 81.72 | - | 23228 | - | 23561 | - | 30063 |
| OCT25 | 9.24 | -9.18 | 13.23 | +1.35 | 10.59 | +1.28 | 10.52 | +1.28 | 10.52 | +1.28 | 10.52 | - | 30.71 | +1.28 | 10.52 | - | 23.12 | - | 80.63 | - | 26500 | - | 28688 | - | 33750 |
| NOV25 | 9.45 | -8.96 | 13.09 | +1.42 | 10.88 | +1.51 | 10.97 | +1.52 | 10.98 | +1.52 | 10.98 | - | 23.21 | +1.51 | 10.97 | - | 23.21 | - | 79.65 | - | 28125 | - | 30625 | - | 35125 |
| DEC25 | 9.64 | -8.77 | 13.06 | +1.51 | 11.16 | +1.50 | 11.14 | +1.51 | 11.15 | +1.51 | 11.15 | - | 23.07 | +1.50 | 11.14 | - | 23.07 | - | 79.11 | - | 30125 | - | 34438 | - | 37188 |
| JAN26 | 9.76 | -8.65 | 13.15 | +1.48 | 11.24 | +1.46 | 11.23 | +1.47 | 11.24 | +1.47 | 11.24 | - | 23.31 | +1.46 | 11.23 | - | 23.31 | - | 78.81 | - | 24813 | - | 26313 | - | 28438 |
| FEB26 | 9.73 | -8.61 | 13.17 | +1.54 | 11.27 | +1.52 | 11.24 | +1.52 | 11.25 | +1.52 | 11.25 | - | 23.53 | +1.52 | 11.24 | - | 23.53 | - | 78.55 | - | 21813 | - | 22125 | - | 24250 |
| 4Q25 | 9.67 | -8.97 | 13.13 | +1.21 | 10.87 | +1.21 | 10.88 | +1.22 | 10.88 | +1.22 | 10.88 | - | 23.84 | +1.21 | 10.88 | - | 23.84 | - | 78.27 | - | 28250 | - | 31250 | - | 35354 |
| 1Q26 | 9.18 | -8.65 | 13.17 | +2.01 | 11.19 | +2.00 | 11.18 | +2.01 | 11.18 | +2.01 | 11.18 | - | 23.30 | +2.00 | 11.18 | - | 23.30 | - | 78.82 | - | 23688 | - | 27063 | - | - |
| 2Q26 | 9.37 | -8.63 | 13.50 | +1.08 | 10.45 | +1.09 | 10.46 | +1.10 | 10.47 | +1.10 | 10.47 | - | 24.19 | +1.09 | 10.46 | - | 24.19 | - | 77.97 | - | 21688 | - | 27313 | - | - |
| SUM1 | 9.31 | -8.81 | 13.15 | +1.72 | 11.03 | +1.72 | 11.03 | +1.73 | 11.03 | +1.73 | 11.03 | - | 25.49 | +1.72 | 11.03 | - | 25.49 | - | 77.12 | - | 25969 | - | 29157 | - | 32709 |
| WIN1 | 9.34 | -8.56 | 13.51 | +1.13 | 10.47 | +1.12 | 10.47 | +1.13 | 10.47 | +1.13 | 10.47 | - | 24.74 | +1.12 | 10.47 | - | 24.74 | - | 76.30 | - | 23688 | - | 28313 | - | 34063 |
| SUM2 | 9.12 | -6.76 | 10.91 | +1.77 | 10.89 | +1.70 | 10.82 | +1.70 | 10.82 | +1.70 | 10.82 | - | 20.99 | +1.70 | 10.82 | - | 20.99 | - | 75.78 | - | 34501 | - | 39625 | - | 44313 |
| WIN2 | 8.85 | -6.71 | 11.18 | +0.72 | 9.58 | - | - | - | - | - | - | - | 24.21 | - | - | - | 24.11 | - | 78.37 | - | 32688 | - | 38625 | - | 48250 |
| 2026 | 8.28 | -7.18 | 11.63 | +2.45 | 10.74 | +2.45 | 10.73 | +2.45 | 10.74 | +2.45 | 10.74 | - | 22.04 | +2.45 | 10.73 | - | 22.04 | - | 75.58 | - | 26844 | - | 31079 | - | 34641 |
| 2027 | 9.26 | -5.57 | 9.43 | +0.75 | 10.01 | - | - | - | - | - | - | - | 17.38 | - | - | - | 17.38 | - | 73.50 | - | 32688 | - | 38625 | - | 48250 |
| 2028 | 8.33 | - | - | +0.84 | 9.17 | - | - | - | - | - | - | - | 17.80 | - | - | - | 17.80 | - | 71.15 | - | - | - | - | - | - |
| 2026 | 7.49 | - | - | +3.25 | 10.74 | +3.24 | 10.73 | +3.24 | 10.74 | +3.24 | 10.74 | - | - | +3.24 | 10.73 | - | - | - | 69.52 | - | - | - | - | - | - |
| SEP25 |
|---|
| OCT25 |
| NOV25 |
| DEC25 |
| JAN26 |
| FEB26 |
| 4Q25 |
| 1Q26 |
| 2Q26 |
| SUM1 |
| WIN1 |
| SUM2 |
| WIN2 |
| 2026 |
| 2027 |
| 2028 |
| 2026 |