Energy & Commodities · live
Global LNG arbitrage
Price gap between the US, Europe, and Asia. Cargoes follow the spread.
2.79 USD/mmbtu
-4.3% vs Trailing 90-day mean spread
Observed: Aug 11, 2026, 8:30 PM UTC · Source publishes T+1 to T+2 business days.
Interactive chart · hover for date + value · dashed = Trailing 90-day mean spread
▼ -10.00% in windown=12
value · USD/mmbtuTrailing 90-day mean spreadMay 26, 2026 → Aug 11, 2026
Translation
LNG *arbitrage* compares US gas (Henry Hub), European gas (TTF), and Asian gas (JKM). When Asia pays more than Europe, cargoes redirect mid-voyage. JKM-TTF spread leads the direction of LNG flows before ships sail.
Methodology
- Source
- EIA (Henry Hub) + ICE/CME settlements (TTF, JKM)
- Cadence
- Daily
- Sensors / APIs
- EIA NG.RNGWHHD.D, ICE Endex public settlements, CME JKM proxy
- Baseline
- Trailing 90-day mean spread
- Uncertainty
- JKM is a published assessment, not a cleared market — thinly traded versus TTF
- Known biases
- Liquefaction + freight costs vary by route — flat assumption oversimplifies
- Long-term contracts indexed to oil distort spot signals
Provenance
- Source URL
- https://www.eia.gov/dnav/ng/ng_pri_fut_s1_d.htm
- License
- EIA public domain + ICE/CME public settlements
For developers and AI agents
- /signals/lng-arbitrage/brief.md — LLM-citable markdown
- /api/signals/lng-arbitrage — JSON + JSON-LD Dataset