US LNG arbitrage to Asia falls as JKM-TTF spread narrows

Tuesday, 10 February 2026

The arbitrage for shipping US LNG cargoes to Northeast Asia has fallen to –$0.2/MMBtu, the lowest level since February 2025 — even though Atlantic freight rates have declined by more than $70,000 per day over the past month, a move that would typically bolster Asia-bound LNG shipping. The narrowing arbitrage for US LNG freight moving to Asia has largely been caused by a tighter JKM-TTF price spread, analysts at Spark Commodities pointed out.


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial