Asian spot LNG price volatility 2016-2023
LNG prices were less violent in 2023 than the year prior. The Platts JKM (a global benchmark for LNG) had a price volatility of 75 percent in 2023. Price volatility reflects the daily change in prices. 2022 saw LNG prices fluctuate more than ever before due to sudden LNG demand from European consumers following sanctions on Russia.