Rotterdam’s LNG bunker price extended losses on a weaker TTF benchmark, while Singapore’s price held steady, widening its premium over Rotterdam.

Weekly changes in LNG bunker prices:

• Rotterdam down by $18/mt to $692/mt
• Singapore down by $1/mt at $721/mt

Rotterdam

Rotterdam’s LNG bunker price has fallen for the second consecutive week, reaching $692/mt. The drop is largely tied to a 2% decline in the front-month Dutch TTF Natural Gas contract, a key benchmark for European gas prices.

“Expectations of easing tensions due to ceasefire negotiations between the US and Russia, as well as forecasts of an easing of the heat wave in Europe,” have weighed on TTF prices, according to the Japan Organization for Metals and Energy Security (JOGMEC).

“Overall seasonal demand is deemed relatively muted while ample supply is available,” said Mind Energy, formerly known as Energi Danmark.

“European gas benchmark futures hit their lowest level in more than a year, ahead of the US-Russia summit,” noted Daniel Hynes, senior commodity strategist at ANZ Bank.

The LNG bunker delivery premium also dropped by 6% over the past week to around $119/mt, putting additional pressure on prices.

EU underground gas storage stood at 73.3% as of 15 July, up from 71.3% the previous week, but still 17.6% lower compared to the same period last year, according to Gas Infrastructure Europe.

Singapore

Singapore’s LNG bunker price held steady from the previous week, reflecting stability in the front-month NYMEX Japan/Korea Marker (JKM), which typically guides Asian LNG bunker prices.

As a result, Singapore’s modest $12/mt premium over Rotterdam last week has expanded to $29/mt over the past week.

Other LNG bunker news

Royal Caribbean International’s Star of the Seas completed its first LNG bunkering at Port Canaveral ahead of its debut voyage.

Crowley has taken delivery of the Torogoz, the last in its series of four LNG-capable containerships, to serve routes between the US, El Salvador, Guatemala, Honduras, and Nicaragua.

Dutch offshore contractor Van Oord carried out its first bio-LNG bunkering at Elbe, Germany, while Shenzhen PetroChina International supplied 2,995 mt of LNG to a containership at Shenzhen Port, China.

Finnish operator Wasaline said it will run one of its vessels on liquefied biomethane (LBM) to generate overcompliance for Stena Line’s Swedish ferries. Similarly, Seaspan Energy will provide LBM bunkering for vessels at all ports along the US West Coast.

In Singapore, TotalEnergies bunkered a container ship with LNG during cargo unloading at PSA’s Brani Terminal. Meanwhile, Zodiac Maritime has received the ninth LNG dual-fuel PCTC from a 10-vessel series built by Yantai CIMC Raffles Offshore.

Finally, Dalian Shipbuilding & Offshore Engineering signed a contract with Zhongneng Fuel Injection Technology (Shanghai) to construct a 20,000 cbm LNG bunkering vessel.

By Tuhin Roy

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