# Japex seeks no more alternative LNG cargoes for Oct-March, raises JKM forecast

> Japan Petroleum Exploration (Japex) will not seek further spot LNG cargoes for October to March after securing three replacement cargoes for Middle East supply. The company raised its JKM price forecast to $25/MMBtu for October-December and $20/MMBtu for January-March.

- Date: 2026-11-12 · published 2026-11-12T12:10:26.528Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/95403-japex-seeks-no-more-alternative-lng-cargoes-for-oct-march-raises-jkm-forecast
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A higher Asian LNG price outlook reinforces expensive winter energy and fertilizer costs for feed producers, with limited direct effect on grain balances.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-02-12 | [Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake](https://feedsoft.ai/events/26218-winter-weather-lng-demand-raises-forecast-natural-gas-benchmark-prices-the.md) | +54.4% | +15.3% |
| NATGAS | 2026-03-03 | [Standard Chartered raises 2026 Brent forecasts following Middle East turmoil \| Reuters](https://feedsoft.ai/events/8006-standard-chartered-raises-2026-brent-forecasts-following-middle-east-turmoil.md) | +7.0% | -3.1% |
| NATGAS | 2024-06-18 | [What’s in store for gas and LNG in Europe?  \| Wood Mackenzie](https://feedsoft.ai/events/29958-what-s-in-store-for-gas-and-lng-in-europe-wood-mackenzie.md) | +1.6% | -24.0% |
| NATGAS | 2020-04-20 | [U.S. natgas rise on forecasts output will fall with oil price collapse](https://feedsoft.ai/events/12197-u-s-natgas-rise-on-forecasts-output-will-fall-with-oil-price-collapse.md) | +2.7% | -4.5% |
| NATGAS | 2021-09-30 | [Why are gas prices on the rise and what does this mean for Singapore? - CNA](https://feedsoft.ai/events/45222-why-are-gas-prices-on-the-rise-and-what-does-this-mean-for-singapore-cna.md) | +4.2% | +8.1% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/lng/111226-japex-seeks-no-more-alternative-lng-cargoes-for-oct-march-raises-jkm-forecast

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