LNG Bunker Snapshot: LNG prices hold steady across Rotterdam and Singapore
Rotterdam and Singapore’s LNG bunker prices have been rangebound amid stable underlying gas prices.
Weekly changes in LNG bunker prices:
- Rotterdam up by $4/mt to $684/mt
- Singapore down by $2/mt at $674/mt
Rotterdam
Rotterdam’s LNG bunker price has not changed much in the past week, reflecting a steady front-month Dutch TTF Natural Gas contract.
The EU's underground gas storage level stood at 82.1% on 14 November, down from 82.7% the week before and 10.9% lower than a year earlier, according to Gas Infrastructure Europe.
Even if less gas is stored in the EU now than a year ago, it “poses no threat to energy security due to ample supply,” said Daniel Hynes, senior commodity strategist at ANZ Bank.
Rotterdam's LNG bunker premium has gained $0.06/MMBtu ($3/mt) on the week, to $2.52/MMBtu ($131/mt).
Singapore
Singapore’s LNG bunker price has held roughly flat for a second week, reflecting a steady front-month NYMEX Japan/Korea Marker (JKM), the main benchmark for Asian LNG bunker prices.
“Despite forecasts of falling temperatures, no additional procurement demand was seen,” said JOGMEC.
“North Asia LNG prices were steady as recent losses enticed buyers into the spot market,” said ANZ Bank’s Daniel Hynes.
Singapore's LNG bunker premium has dropped by $0.03/MMBtu ($2/mt) on the week, to $1.84/MMBtu ($96/mt).
Singapore’s LNG bunker price discount to Rotterdam has widened from $4/mt to $10/mt.
Other LNG bunker news
LNG bunker sales in the Port of Antwerp-Bruges fell by 22% between the second and third quarters. Around 69,000 mt of LNG was sold in the third quarter, according to the port authority.
Havila Biogass announced plans for three liquefied biomethane (LBM) plants in Norway by 2028, while EnviTec Biogas agreed to supply LBM to TT-Line.
MSC Cruises ordered two more LNG dual-fuel cruise ships from Chantiers de l’Atlantique, and an MSC vessel received LNG in Xiamen’s first ship-to-ship bunker operation.
Meanwhile, AET Tankers ordered two LNG dual-fuel tankers from Samsung Heavy Industries, and France LNG Shipping took delivery of the 174,000 cbm-capacity LNG dual-fuel vessel Elisa Halcyon from Hyundai Samho Heavy Industries.
By Tuhin Roy
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