LNG Bunker Snapshot: Rotterdam price retreats on weaker TTF
Weekly changes in LNG bunker prices: ARA down by $119/mt to $1,488/mt Singapore up by $130/mt to $1,667/mt Baltics down by $118/mt to $1,595/mt ARA Rotterdam’s LNG bunker price plunged by $119/mt week-on-week to $1,488/mt, ending a six-week streak of consecutive gains. This comes despite LNG bunker premiums climbing around 7% from about $125/mt to ...
Rotterdam’s LNG bunker price plummeted by $119/mt week-on-week to $1,488/mt, marking the end of a six-week streak of consecutive increases. This decrease, driven by an 11% drop in the Dutch TTF Natural Gas contract, occurred despite LNG bunker premiums surging by around 7% from around $125/mt to $134/mt. TTF, Europe’s benchmark gas price, fell due to crude oil price declines, according to ANZ Bank’s commodity strategist Daniel Hynes.
European LNG prices corrected lower following Asia's competition and the Middle East situation's impact on supply. Milder weather in Europe further limited gas demand, pushing prices down. Singapore's LNG bunker price surged by $130/mt to $1,667/mt, reversing its usual discount to Rotterdam, now trading at a $179/mt premium. Singapore's prices usually follow the NYMEX Japan/Korea Marker (JKM), which rose by $2.62/MMBtu to $27.51/MMBtu ($1,431/mt).
Heightened concerns over natural gas supply amid the Middle East conflict led to North Asian LNG price jumps, with Thailand, Pakistan, and Bangladesh reportedly ready for long-term LNG supply contracts with US exporters. Classification societies like Bureau Veritas Marine & Offshore, Korean Register, and DNV approved various LNG bunker and dual-fuel carrier designs.
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.
