LNG Bunker Snapshot: Rotterdam price rises on the back of higher bunker premiums
Rotterdam’s LNG bunker price has risen on the back of higher bunker premiums, while Singapore’s price has remained stable.
Weekly changes in LNG bunker prices:
- Rotterdam up by $13/mt to $675/mt
- Singapore up by $3/mt at $680/mt
Rotterdam
Rotterdam’s LNG bunker price has risen to $675/mt after a week of decline, driven mainly by a nearly 12% increase in LNG bunker premiums, which climbed from about $95/mt to $106/mt.
In contrast, the front-month Dutch TTF Natural Gas contract, a key benchmark for Europe’s gas market, remained largely stable over the same period.
Singapore
Singapore’s LNG bunker price has remained mostly steady from the previous week, mirroring the stability in the front-month NYMEX Japan/Korea Marker (JKM), which typically influences Asian LNG bunker prices.
As a result, Singapore’s premium over Rotterdam has narrowed from $15/mt last week to $5/mt this week.
Other LNG bunker news
US-based LNG supplier Seaspan Energy and environmental consulting firm Anew Climate have successfully carried out the first ship-to-ship bio-LNG refuelling operation at the Port of Long Beach.
Global LNG bunker sales are expected to reach 4 million mt this year, exceeding the 2.6 million mt recorded for the whole of 2024, according to advisory firm Lansdowne Moritz.
By Tuhin Roy
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