Natural gas prices moved lower across Northeast Asia, Europe and the United States in the week of 8–12 June 2026, as geopolitical risk premiums eased and storage fundamentals remained in focus. JKM, TTF and Henry Hub all ended the week below the previous weekend’s levels.
Asia – JKM
The Northeast Asian assessed spot LNG price JKM (July delivery) for last week (8 – 12 June) fell to high-USD 17s/MBtu on 12 June from high-USD 18s/MBtu the previous weekend (5 June). JKM rose to mid-USD 19s/MBtu on 8 June due to escalating tensions in the Middle East following exchanges of attacks between Iran and Israel, as well as concerns over intensified strike action at Australia’s Ichthys LNG project.
Thereafter, prices trended downward as the geopolitical risk premium eased on the back of President Trump’s announcement of a ceasefire between Iran and Israel and growing expectations for a peace agreement between the United States and Iran. Although JKM rebounded to low-USD 19s/MBtu on 11 June following reports of renewed exchanges of attacks between the United States and Iran, it fell back to high-USD 17s/MBtu on 12 June as expectations for a ceasefire strengthened once again.
METI announced on 10 June that Japan’s LNG inventories for power generation as of 7 June stood at 1.80 million tonnes, down 0.10 million tonnes from the previous week.
Europe – TTF
The European gas price TTF (July delivery) for last week (8 – 12 June) fell to USD 15.9/MBtu on 12 June from USD 16.5/MBtu the previous weekend (5 June). TTF rose to USD 16.9/MBtu on 8 June due to concerns over escalating military conflict between Iran and Israel and worsening tensions in the Red Sea.
On 9 June, however, prices declined to around USD 16.5/MBtu on the back of increased gas supplies from Norway and expectations for a peace agreement between the United States and Iran. TTF then rose again to USD 16.9/MBtu on 10 June following reduced supply caused by a compressor outage at Norway’s Troll gas field.
From 11 June onward, prices declined as expectations for easing tensions in the Middle East and recovering supply strengthened, reaching USD 15.9/MBtu on 12 June.
According to AGSI+, the EU-wide underground gas storage was 43.9% on 12 June, up from 41.8% the previous weekend, down 16.9% from the same period last year, and down 24.4% over the five-year average.
United States – Henry Hub
The U.S. gas price HH (July delivery) for last week (8 – 12 June) fell to USD 3.1/MBtu on 12 June from USD 3.2/MBtu the previous weekend (5 June). HH continued to decline slightly at the beginning of the week due to lower LNG feedgas demand and ample inventory levels.
It temporarily rose to around USD 3.2/MBtu on 10 June as the market assessed cooling demand prospects for July. However, after the EIA storage report released on 11 June showed a larger-than-expected inventory build, HH reversed course and fell to below USD 3.1/MBtu.
Thereafter, expectations for summer cooling demand provided some support, but prices failed to rise significantly and ended the week at USD 3.1/MBtu on 12 June.
The EIA Weekly Natural Gas Storage Report released on 11 June showed U.S. natural gas inventories as of 5 June at 2,686 Bcf, up 108 Bcf from the previous week, down 0.2% from the same period last year, and 6.0% above the five-year average.
Source: JOGMEC
Updated: 15 June 2026
The post Natural gas prices weekly update – JKM, TTF and Henry Hub (15 June 2026) first appeared on Global LNG Hub.