Spark’s data lead, Qasim Afghan, told LNG Prime that Spark30S (Atlantic) LNG freight rates decreased by $9,000 to $71,750 per day.
“Spark25S (Pacific) rates also fell this week, dropping $16,250 to $55,000 per day,” he said.
European prices rise
In Europe, the SparkNWE DES LNG increased compared to last week.
“The SparkNWE DES LNG front-month price for February is assessed at $9.173/MMBtu, whilst the basis to the TTF is assessed at -$0.520/MMBtu,” Afghan said.
“The US front-month arb (via COGH) closed out further this week, currently assessed at -$0.295/MMBtu and more strongly pointing to Europe,” Afghan said.
“The US front-month arb (via Panama) has closed out and is pointing once again to Europe, assessed at -$0.128/MMBtu,” he said.
“The Nigerian front-month arb (via COGH) remains marginally open and pointing to Asia, assessed at $0.040/MMBtu,” Afghan said.
Data by Gas Infrastructure Europe (GIE) shows that volumes in gas storages in the EU dipped from last week and were 62.67 percent full on December 30, 2025.
Gas storages were 65.18 percent full on December 24, 2025, and 74.99 percent full on December 30, 2024.
JKM
In Asia, JKM, the price for LNG cargoes delivered to Northeast Asia in February 2025 settled at $9.605/MMBtu on Wednesday.
Last week, JKM for February settled at 9.720/MMBtu on Friday, December 26.
Front-month JKM dropped to 9.690/MMBtu on Monday and to 9.570/MMBtu on Tuesday.
