LNG Bunker Snapshot: European LNG prices slump $235/mt on Middle East peace hopes
Weekly changes in LNG bunker prices: ARA down by $235/mt to $1,638/mt Baltics down by $235/mt to $1,741/mt Singapore down by $139/mt to $1,747/mt ARA Rotterdam’s LNG bunker price has fallen by more than TTF, as its bunker premium has narrowed. Front-month TTF has fallen by $4.08/MMBtu ($212/mt) to $28.77/MMBtu ($1,496/mt). Rotterdam’s bunker premium over ...
European LNG bunker prices have dropped by $235 per metric ton as Middle East peace hopes bolstered market sentiment. Rotterdam's LNG bunker price has fallen more than the TTF benchmark, narrowing its premium. TTF prices dropped sharply after US President Trump took a cautious stance on resuming military strikes against Iran and following US midterm election results.
EU gas storage levels dropped to 73% full, with projections suggesting it could fall to 7% by the end of March if the Strait of Hormuz remains closed. Singapore's bunker price has fallen nearly twice as much as JKM, but less than ARA's, narrowing its premium. JKM prices fell due to progress in US-Iran talks and the US midterm results easing Middle East supply worries.
Asian end-users showed little interest in spot cargoes, leading to subdued trading. US floating LNG infrastructure company Excelerate Energy will supply LNG to AxDo Bahamas, and Wärtsilä has switched engines on LNG carriers to reduce methane slip. Shipowner orders for LNG-capable vessels decreased in October.
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.