Highlights Platts JKM already teasing $18/MMBtu Trading reflects concerns about steep price trajectory Gas inventories in North Asia, Europe closely watched Asia’s LNG importers expect high spot prices this winter on the back of tight demand-supply fundamentals, which could derail procurement plans and increase power prices, especially if temperatures drop sharply similar to cold snaps seen in the previous winter season. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The key difference in 2021 is that LNG demand surged much earlier in the year on the back of the Chinese economy rebounding sharply from COVID-19 and spot LNG prices never dropped below $5.50/MMBtu, while last year they languished in the low single digits for several months. As the northern hemisphere summer kicked in, spot LNG spot prices soared to an eight-year seasonal high, almost touching $18/MMBtu last week. The S&P Global Platts JKM for October […]