Bulletin Updates

JKM price shoot up: What went wrong, and will it occur again? – 18 Feb 2021

Feb 18, 2021

The JKM had gone up over $30/MMBtu in mid-January

The combination of very cold weather increasing demand, supply issues at a number of export plants, contracts running at maximum take, and the need to divert large volumes of cargoes from the Atlantic to the Pacific basins – principally US and Qatar cargoes – leading to constraints on shipping, all combined and resulted in a sharp increase in prices in a very illiquid market.

However that is not the entire story.

This is something that would not have happened in the US and European market

So what really is intrinsically wrong with the JKM?

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