LNG Asia (JKM) / GAS.JKM

The Japan-Korea Marker for spot LNG cargoes — the price that clears seaborne gas between Europe and Asia. At the latest reading, LNG Asia (JKM) prints a spot of $14.20 — a move of ▲0.90% over the past twenty-four hours and ▲8.70% across the trailing thirty days.

The v3.2 stress index places GAS.JKM at 0.61 — a watch reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.

For operators, the question is not the spot itself but the buffer behind it. A tightening reading on LNG Asia (JKM) compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry GAS.JKM as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.