Rotterdam’s LNG bunker price has fallen on warm weather, while Singapore’s price has remained stable.

Weekly changes in LNG bunker prices:

• Rotterdam down by $22/mt to $710/mt
• Singapore down by $1/mt at $722/mt

Rotterdam

Rotterdam’s LNG bunker price has fallen by $22/mt over the past week, settling at $710/mt. The decline is mainly linked to a 3% drop in the front-month Dutch TTF Natural Gas contract, a key benchmark for European gas prices.

“Rising storage levels amid following several weeks of mild summer weather led to falling prices, with the falling concerns about reduced global gas supply from Russia contributing to the bearish development,” said Mind Energy, formerly known as Energi Danmark.

Gas prices “recorded a weekly decline as falls across the oil market dragged global gas prices lower,” ANZ Bank’s senior commodity strategist Daniel Hynes noted.

The LNG bunker delivery premium also fell by 4% over the past week to around $127/mt, adding further downward pressure on prices.

Singapore

Singapore’s LNG bunker price has remained unchanged from the previous week, in line with a stable front-month NYMEX Japan/Korea Marker (JKM), which generally guides Asian LNG bunker prices.

Consequently, Singapore’s slight $9/mt discount to Rotterdam last week has shifted to a $12/mt premium over the past week.

Other LNG bunker news

Chinese automaker BYD has taken delivery of its second LNG dual-fuel car carrier from Guangzhou Shipyard International (GSI), a subsidiary of China State Shipbuilding Corporation.

French energy company TotalEnergies has begun construction of an LNG bunkering vessel for the Marsa LNG Project in Oman.

In Spain, the TUI Cruises-operated Mein Schiff Relax received about 838 mt of bio-LNG via ship-to-ship transfer in Barcelona, while energy firm Axpo supplied 1,788 mt of bio-LNG to a container ship at the Port of Algeciras.

By Tuhin Roy

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