LNG Bunker Snapshot: European LNG prices slump $235/mt on Middle East peace hopes
Weekly changes in LNG bunker prices: ARA down by $235/mt to $1,638/mt Baltics down by $235/mt to $1,741/mt Singapore down by $139/mt to $1,747/mt ARA Rotterdam’s LNG bunker price has fallen by more than…
Rotterdam’s LNG bunker price has fallen by more than TTF, as its bunker premium has narrowed.
Front-month TTF has fallen by $4.08/MMBtu ($212/mt) to $28.77/MMBtu ($1,496/mt). Rotterdam’s bunker premium over TTF has gone from $3.17/MMBtu ($165/mt) a week ago to $2.73/MMBtu ($142/mt), and the Baltic premium from $5.15/MMBtu ($268/mt) to $4.71/MMBtu ($245/mt).
TTF fell sharply on 2 November after US President Donald Trump took a cautious stance on resuming military strikes against Iran, and slid further, as the US midterm election results fuelled hopes that the Middle East war could end soon, the Japan Organization for Metals and Energy Security (JOGMEC) said.
EU gas storage was 73% full on 8 November, down from 75% a week ago and holding 13% less gas than a year earlier, according to Gas Infrastructure Europe.
This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →
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