Values for North Sea Brent and Japanese customs-cleared (JCC) crude oil prices converted to $/MMBtu on an energy-equivalent basis. The official reporting of Japan spot LNG price statistics began in March 2014, so no prior data exist. Unlike the natural gas market in the United States, natural gas prices in Asian markets typically reflect contracts that are indexed to crude oil or petroleum product prices. The declines in crude oil prices between August 2014 and January 2015 had a significant effect on Asian natural gas prices and markets. However, Asian countries are developing regional trading hubs so that natural gas prices better reflect natural gas market dynamics. […]