Asian LNG JKM Jumps 6.7% on US-Iran Tensions and Heatwave Demand

S&P Global Energy (via Reuters), Natural Gas Intelligence · Jul 08, 2026 00:00

Platts' benchmark Japan-Korea-Marker (JKM) price for LNG in Asia rose by 6.7% on July 8, 2026, following renewed U.S.-Iran tensions. The prompt JKM contract was at $16.065/MMBtu on July 7, 2026, supported by strong demand signals from South Korea and northeast China due to expected above-normal temperatures.