Singapore LNG Bunker Price Surges on Supply Concerns and Tensions
LNG bunker prices are on the move as Singapore's price surges due to supply concerns, while Rotterdam remains steady.
The Japan/Korea Marker (JKM) contract rose by $1.02/MMBtu over the week, to $22.00/MMBtu ($1,144/mt), tracking gains in LNG bunker prices in Singapore and the Baltics.
Singapore's LNG bunker price has jumped by $53/mt over the past week, to $1,394/mt, with its premium over Rotterdam widening from $191/mt a week ago to $243/mt.