# JKM reveals three surprises in 2018 as LNG's commoditization accelerates | S&P Global

> S&P Global's analysis says the Asian LNG benchmark JKM decoupled from oil and Henry Hub-linked pricing in 2018 and showed flatter seasonality. It also notes that flexible, market-priced LNG contracts signed in 2017 and 2018 will begin flowing in 2023 and 2024.

- Date: 2019-01-24 · published 2019-01-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61275-jkm-reveals-three-surprises-in-2018-as-lng-s-commoditization-accelerates-s-and
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Growing LNG commoditization makes global gas pricing more independent of oil, which can change the cost of energy for fertilizer and processing inputs over the medium term.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +22.0% | +37.5% |
| NATGAS | 2024-09-20 | [What’s next for the global gas and LNG market?](https://feedsoft.ai/events/28495-what-s-next-for-the-global-gas-and-lng-market.md) | +13.9% | -1.1% |
| NATGAS | 2024-04-26 | [Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices](https://feedsoft.ai/events/30924-equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices.md) | +18.9% | +71.3% |
| NATGAS | 2020-04-16 | [From the chaos of the coronavirus pandemic can come a new order for LNG markets \| S&P Global](https://feedsoft.ai/events/53826-from-the-chaos-of-the-coronavirus-pandemic-can-come-a-new-order-for-lng-markets.md) | +17.1% | -3.1% |
| NATGAS | 2024-01-29 | [Changing LNG, oil fundamentals forces global rethink on contract base](https://feedsoft.ai/events/32296-changing-lng-oil-fundamentals-forces-global-rethink-on-contract-base.md) | -19.2% | -34.6% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/blog/natural-gas/012419-jkm-reveals-three-surprises-in-2018-as-lngs-commoditization-accelerates

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.