Natural gas is the world's swing fuel, priced on six regional benchmarks whose gaps reveal who controls supply and who bears the risk.
The JKM (Japan/Korea Marker), assessed daily by S&P Global since 2009, is the benchmark price for LNG spot cargoes delivered to Japan, South Korea, China, and Taiwan.
full dossier ›JKM spikes on the Iran scare and Australian strikes in early June, then falls ~15% on the month as buyers hold back ahead of summer peak