LNG
Rotterdam’s LNG bunker price has risen due to European supply concerns and tighter market dynamics, while Singapore’s price increased slightly driven by competition and rising spot premiums, reports engine.online.
Rotterdam’s LNG bunker price has gained by $26/mt to $879/mt in the past week. The upward trend reflects a corresponding increase in the underlying Dutch TTF Natural Gas contract.
Europe’s gas storage currently stands at 85%, slightly below the five-year average of 88%.
The European Commission recently increased its February 2025 storage target from 45% to 50%.
Singapore
Singapore’s LNG bunker price has gained by $17/mt to $906/mt in the past week, tracking gains in the NYMEX Japan/Korea Marker (JKM) contract.
This uptick reflects heightened competition, with Asian buyers facing pressure as European buyers rush to secure flexible LNG cargo contracts.
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Source: Engine.online
