Natural Gas - LNG (JKM) Prices

03-04-2026 - Over the past month, the price of Natural Gas (LNG JKM) has seen a notable increase, climbing from $15.77 to $19.965 per mmbtu. This rise suggests strong demand or potential supply constraints in the raw material market. The forecast anticipates a further increase to $20.97 per mmbtu, representing a 5.0% rise from the current price of $19.965 per mmbtu, indicating a continued upward trend. However, this comes with the risk of market volatility impacting raw material prices.

The forecast highlights upward price pressure on raw materials, driven by technical data, with a $0.99 per mmbtu impact, particularly from Traders' Positions and Price Signals. Conversely, supply data, especially inventories, suggests a slight downward pressure with a -$0.05 per mmbtu impact.

In contrast, the U.S. Energy Information Administration (EIA) projects that the Henry Hub spot price will average around $3.80 per million British thermal units (MMBtu) in 2026, marking a 13% decrease from the previous month's forecast. This revision is due to milder-than-expected weather in February, leading to higher natural gas storage levels, and increased production from the Permian and other U.S. Lower 48 states. This projection indicates a more bearish outlook for natural gas prices, which contrasts with the forecasted increase to $20.97 per mmbtu in the coming month.