Rotterdam’s LNG bunker price has declined due to lower natural gas prices and steady supply, while Singapore’s price has risen on increased spot market activity and an outage in an Australian export facility, reports engine online.
Changes in weekly LNG bunker prices:
- Rotterdam down by $19/mt to $633/mt
- Singapore up by $5/mt to $765/mt
Rotterdam
Rotterdam’s LNG bunker price has declined by $19/mt in the past week. The port’s benchmark has tracked the downward movement in the front-month NYMEX Dutch TTF Natural Gas contract.
The European gas benchmark has come down amid warmer-than-average temperatures across Europe. Warmer temperatures reduce the demand for gas for heating and allow suppliers to maintain high stockpiles.
Singapore
Singapore’s LNG bunker price has risen by $5/mt to $765/mt in the past week. This increase is driven by a higher NYMEX Japan/Korea Marker (JKM) price.
This uptick is attributed to increased buying activity in the spot market, where LNG is purchased for immediate delivery rather than through long-term supply contracts.
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Source: Engine.online
