Natural Gas - LNG (JKM) Prices

09-12-2025 - Over the past month, the price of natural gas (LNG JKM) has seen a slight decrease, moving from $11.155/mmbtu to $10.865/mmbtu. This modest drop reflects market adjustments and potential changes in supply and demand dynamics. The forecast predicts a further decline to $10.48/mmbtu, representing a 3.5% decrease from the current price, suggesting a generally flat to downward trend. This trend may be influenced by market volatility affecting raw material prices.

The current forecast indicates upward price pressure on raw materials due to factors such as exchange rates and seaborne imports and exports. However, data on demand, supply, and technical aspects suggest downward pressure, highlighting a lack of consensus among different data types.

In contrast, recent analyses present a bullish outlook for the NYMEX natural gas market over the next month. A report from Energy Intelligence dated November 11, 2025, notes that December gas futures have surged to $4.565 per million Btu, reaching a 34-month high for the prompt-month contract. This increase is driven by record LNG exports nearing 19 Bcf/d and anticipated colder weather in early December, which could lead to rapidly tightening supplies. This external analysis suggests a contrary view to the forecast, indicating expectations of rising natural gas prices in the near term.