Liquefied Natural Gas Japan KoreaPrice - Chart - Historical Data - News

Liquefied natural gas (LNG) is a key global energy commodity and a rapidly growing component of electricity generation, heating, and industrial activity, particularly in regions lacking domestic natural gas resources. LNG is produced by cooling natural gas to approximately -162°C (-260°F), reducing its volume by about 600 times, which allows it to be efficiently stored and transported by specialized tanker ships across long distances. Its prices are closely monitored due to their impact on global energy costs, trade flows, and seasonal demand patterns, especially in Asia and Europe. Unlike pipeline-based natural gas markets, LNG is traded internationally, with pricing often linked to regional benchmarks such as the Japan-Korea Marker (JKM), which reflects spot LNG prices delivered to Northeast Asia. LNG supply chains involve liquefaction terminals in exporting countries, shipping via LNG carriers, and regasification terminals in importing countries where the fuel is converted back to gaseous form for distribution. Major LNG importers include Japan, South Korea, China, and European countries, while leading exporters include the United States, Qatar, and Australia. In recent years, LNG has played a critical role in enhancing energy security, diversifying supply sources, and balancing global gas markets amid shifting geopolitical and economic conditions. LNG prices displayed Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by third parties and, while efforts are made to ensure reliability, it is not independently verified and carries no guarantees of accuracy.