LNG Bunker Snapshot: Singapore price falls on weaker premiums
Rotterdam’s LNG bunker price declines on softer European gas benchmark, while Singapore’s price drops mainly due to a sharp fall in LNG bunker premiums.
Weekly changes in LNG bunker prices:
- Rotterdam down by $95/mt to $1,022/mt
- Singapore down by $126/mt to $1,280/mt
Rotterdam
Rotterdam’s LNG bunker price has fallen by $95/mt, primarily driven by an almost 10% drop in the front-month Dutch TTF Natural Gas contract, a key benchmark for European gas prices.
The decline in TTF prices has been driven by multiple factors, including “an increase in underground gas storage, expectations of rising temperatures and a recovery in wind power generation, and hopes for easing tensions in the Middle East,” according to the Japan Organization for Metals and Energy Security (JOGMEC).
“Donald Trump does, despite his continuous threats against Iran, appear to be very interested in striking a fast deal with the Iranians to have the Strait of Hormuz re-opened,” added Mind Energy.
“European [gas] prices fell sharply… amid favourable weather forecasts and hopes of de-escalation in the Iran conflict. Strong wind generation could weigh on gas demand for power, while weaker industrial demand and a lighter maintenance season in Norway add to the bearish tone,” two analysts from ING Bank noted.
EU underground gas storage stood at 28% on 3 April, slightly down from 28.2% a week earlier and 18.8% lower year-on-year, according to data from Gas Infrastructure Europe.
Singapore
Singapore’s LNG bunker price has fallen by $126/mt week-on-week to $1,280/mt, mainly driven by an approximately 30% decline in LNG bunker premiums, which dropped from about $345/mt to $242/mt.
As a result, Singapore’s premium over Rotterdam has narrowed to $258/mt, down from $289/mt last week.
“The resumption of operations at Australian LNG production facilities that had been shut down due to a cyclone, and increased expectations of an easing of tensions in the Middle East” also contributed to the downward pressure, JOGMEC commented.
Other LNG bunker news
Japan’s Tsuneishi Shipbuilding has delivered a new LNG dual-fuel bulk carrier, Oceana Frontier.
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has entered into a long-term agreement with an undisclosed producer for the supply of liquefied biomethane (LBM).
The Port of Algeciras ranked as Europe’s third-largest LNG bunkering hub in 2025, trailing only Rotterdam and Marseille Fos, according to the port authority.
Anew Climate has carried out its first liquefied biomethane (LBM) loading onto an Avenir LNG vessel at the Port of Klaipėda in Lithuania.
Meanwhile, Canada-based clean technology firm Aurora Hydrogen has secured a $3 million investment from Oldendorff Overseas Investments (OOI) to advance the deployment of its LNG-to-hydrogen technology for marine applications.
By Tuhin Roy
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