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: 2025-08-20 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 | |||||||||||||
| AUG25 | 9.08 | -9.40 | 13.38 | +0.77 | 9.85 | +1.63 | 10.71 | +1.70 | 10.78 | +1.70 | 10.78 | - | 37.59 | +1.63 | 10.71 | - | 23.02 | - | 81.72 | - | 23115 | - | 22363 | - | 27919 |
| SEP25 | 9.75 | -9.18 | 13.23 | +0.84 | 10.59 | +0.81 | 10.56 | +0.85 | 10.60 | +0.85 | 10.60 | - | 30.71 | +0.81 | 10.56 | - | 23.12 | - | 80.63 | - | 26438 | - | 26000 | - | 34688 |
| OCT25 | 9.15 | -8.96 | 13.09 | +1.47 | 10.62 | +1.27 | 10.41 | +1.28 | 10.42 | +1.28 | 10.42 | - | 23.21 | +1.27 | 10.41 | - | 23.21 | - | 79.65 | - | 29000 | - | 29875 | - | 35938 |
| NOV25 | 9.23 | -8.77 | 13.06 | +1.78 | 11.01 | +1.54 | 10.77 | +1.55 | 10.78 | +1.55 | 10.78 | - | 23.07 | +1.54 | 10.77 | - | 23.07 | - | 79.11 | - | 30313 | - | 32313 | - | 37500 |
| DEC25 | 9.46 | -8.65 | 13.15 | +1.75 | 11.22 | +1.48 | 10.94 | +1.49 | 10.95 | +1.49 | 10.95 | - | 23.31 | +1.48 | 10.94 | - | 23.31 | - | 78.81 | - | 32313 | - | 37750 | - | 40125 |
| JAN26 | 9.58 | -8.61 | 13.17 | +1.69 | 11.27 | +1.41 | 10.99 | +1.42 | 11.00 | +1.42 | 11.00 | - | 23.53 | +1.41 | 10.99 | - | 23.53 | - | 78.55 | - | 29000 | - | 28375 | - | 34313 |
| 4Q25 | 9.52 | -8.97 | 13.13 | +1.43 | 10.95 | +1.19 | 10.71 | +1.20 | 10.72 | +1.20 | 10.72 | - | 23.84 | +1.19 | 10.71 | - | 23.84 | - | 78.27 | - | 30542 | - | 33313 | - | 37854 |
| 1Q26 | 9.03 | -8.65 | 13.17 | +2.18 | 11.22 | +1.91 | 10.94 | +1.91 | 10.94 | +1.91 | 10.94 | - | 23.30 | +1.91 | 10.94 | - | 23.30 | - | 78.82 | - | 25375 | - | 28375 | - | - |
| 2Q26 | 9.22 | -8.63 | 13.50 | +1.28 | 10.50 | +0.94 | 10.16 | +0.94 | 10.16 | +0.94 | 10.16 | - | 24.19 | +0.94 | 10.16 | - | 24.19 | - | 77.97 | - | 23375 | - | 27375 | - | - |
| SUM1 | 9.14 | -8.81 | 13.15 | +1.94 | 11.08 | +1.68 | 10.82 | +1.69 | 10.83 | +1.69 | 10.83 | - | 25.49 | +1.68 | 10.82 | - | 25.49 | - | 77.12 | - | 27959 | - | 30844 | - | 34490 |
| WIN1 | 9.11 | -8.56 | 13.51 | +1.42 | 10.53 | +1.05 | 10.17 | +1.05 | 10.17 | +1.05 | 10.17 | - | 24.74 | +1.05 | 10.17 | - | 24.74 | - | 76.30 | - | 24907 | - | 28344 | - | 35282 |
| SUM2 | 8.74 | -6.76 | 10.91 | +2.17 | 10.91 | +1.70 | 10.44 | +1.70 | 10.44 | +1.70 | 10.44 | - | 20.99 | +1.70 | 10.44 | - | 20.99 | - | 75.78 | - | 35250 | - | 40063 | - | 46532 |
| WIN2 | 8.57 | -6.71 | 11.18 | +0.95 | 9.53 | - | - | - | - | - | - | - | 24.21 | - | - | - | 24.11 | - | 78.37 | - | 34000 | - | 39375 | - | 49375 |
| 2026 | 7.89 | -7.18 | 11.63 | +2.90 | 10.79 | +2.54 | 10.43 | +2.54 | 10.43 | +2.54 | 10.43 | - | 22.04 | +2.54 | 10.43 | - | 22.04 | - | 75.58 | - | 27922 | - | 31453 | - | 36344 |
| 2027 | 9.03 | -5.57 | 9.43 | +0.89 | 9.91 | - | - | - | - | - | - | - | 17.38 | - | - | - | 17.38 | - | 73.50 | - | 34000 | - | 39375 | - | 49375 |
| 2028 | 8.07 | - | - | +0.87 | 8.94 | - | - | - | - | - | - | - | 17.80 | - | - | - | 17.80 | - | 71.15 | - | - | - | - | - | - |
| 2026 | 7.26 | - | - | +3.53 | 10.79 | +3.17 | 10.43 | +3.17 | 10.43 | +3.17 | 10.43 | - | - | +3.17 | 10.43 | - | - | - | 69.52 | - | - | - | - | - | - |
| AUG25 |
|---|
| SEP25 |
| OCT25 |
| NOV25 |
| DEC25 |
| JAN26 |
| 4Q25 |
| 1Q26 |
| 2Q26 |
| SUM1 |
| WIN1 |
| SUM2 |
| WIN2 |
| 2026 |
| 2027 |
| 2028 |
| 2026 |