European bond yields rise amid fears of Middle East tensions
Higher inflation would further crimp the already tight fiscal space for under-pressure governments across the continent.
Rotterdam's LNG bunker price has climbed for the fifth consecutive week as European gas supplies tighten. The front-month Dutch TTF natural gas contract has risen $1.58/MMBtu ($82/mt) to $25.21/MMBtu ($1,311/mt). The ARA bunker delivery premium has widened to $2.27/MMBtu ($118/mt). The Baltic bunker premium has increased to $4.28/MMBtu ($223/mt).
Lower LNG supply, weaker wind generation, and other factors have contributed to the price rise, according to the Japan Organization for Metals and Energy Security (JOGMEC). Geopolitical tensions in the Middle East have also supported the contract. Europe's natural gas storage facilities are only 66% full, down from 79% a year ago.
Tight supply fundamentals, low storage levels, and higher demand are putting upward pressure on gas prices. Singapore's LNG bunker price has risen slightly, but the premium over Rotterdam has narrowed to $60/mt. Geopolitical risks tied to the Middle East continue to support LNG prices.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- LNG Bunker Snapshot: Rotterdam price extends rally amid tighter European gas supply hellenicshippingnews.com
