# LNG arbitrage HH / TTF / JKM

> Price gap between the US, Europe, and Asia. Cargoes follow the spread.

## OBSERVATION
2.67 USD/mmbtu — observed at 2026-05-04T20:30:00+00:00.

## DELTA VS BASELINE
-35.5% vs 4.14 USD/mmbtu (Trailing 90-day mean spread).

## 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 method: Trailing 90-day mean spread

## UNCERTAINTY
JKM is a published assessment, not a cleared market — thinly traded versus TTF (JKM is a published assessment, not a cleared market — thinly traded versus TTF)

## PROVENANCE
- Source URL: https://www.eia.gov/dnav/ng/ng_pri_fut_s1_d.htm
- License: EIA public domain + ICE/CME public settlements


## TRANSLATION (Casual EN)
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.

## DISCLAIMER
Vectorial Signals is descriptive market intelligence. Not investment advice. Past correlations don't predict future performance.