Commodities
Rotterdam LNG Bunker Price Extends Rally Amid Tight European Gas Supply
Rotterdam's LNG bunker price has risen for a fifth consecutive week due to tighter European gas supply. The Dutch TTF natural gas contract gained $1.58/MMBtu ($82/mt) on the week to $25.21/MMBtu ($1,311/mt).
The ARA bunker delivery premium has edged wider to $2.27/MMBtu ($118/mt) from $2.25/MMBtu ($117/mt) a week ago.
Unplanned outages at Norway's Kollsnes plant and the Troll field, warmer near-term forecasts, and slower European storage injections supported the contract, according to JOGMEC.