Rotterdam and Singapore’s LNG bunker prices have remained almost unchanged supported by stability in their respective benchmarks.

Weekly changes in LNG bunker prices:

• Rotterdam down by $2/mt to $717/mt
• Singapore down by $2/mt at $683/mt

Rotterdam

Rotterdam’s LNG bunker price held nearly steady after two straight weeks of gains, reflecting the stability of the front-month Dutch TTF Natural Gas contract, a key European benchmark.

“Continuing supply cut due to maintenance in Norway, and the occurrence of new unplanned maintenance” had pushed the TTF higher. That upward pressure was tempered as “demand remained calm amid calm weather,” according to the Japan Organization for Metals and Energy Security (JOGMEC).

The market “appears rather balanced as rather mild conditions and robust wind output limit short-term demand, while efforts to refill storages ahead of the heating season continue,” Mind Energy (formerly Energi Danmark) noted.

EU underground gas storage reached 81.4% on 19 September, up from 80.1% the previous week, but still 13.5% lower year-on-year, Gas Infrastructure Europe data showed.

Singapore

Singapore’s LNG bunker price stayed flat for the second consecutive week, tracking the stability of the front-month NYMEX Japan/Korea Marker (JKM), which is a key reference for Asian LNG bunker prices.

“While there were some increases in the middle of the week following purchases of spot cargoes by Indian companies, overall demand remained weak, resulting in relatively stable movements throughout the week,” JOGMEC said.

Consequently, Singapore’s discount to Rotterdam held steady at $34/mt over the past week.

Other LNG bunker news

Dutch shipowner Anthony Veder is set to operate two of its vessels on bio-LNG under Finnish energy firm Gasum’s FuelEU Maritime pooling scheme, generating surplus compliance for the initiative.

Singapore-based shipping company Pacific International Lines (PIL) has launched its latest LNG dual-fuel container ship, Kota Odyssey, at Ghana’s Port of Tema.

Meanwhile, Taiwan’s Yang Ming Marine Transport has placed an order for seven LNG dual-fuel boxships, scheduled for delivery between 2028 and 2029.

Adding to the momentum, France’s Renault Group has agreed to purchase emission reductions from Norwegian carrier UECC, which is deploying liquefied biomethane (LBM) across its vessels to cut greenhouse gas emissions.

By Tuhin Roy

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