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ENGINE on LNG Bunker Snapshot: Weak gas demand weighs on Singapore LNG bunker price

Singapore’s LNG bunker price premium over Rotterdam has narrowed by $13/mt on the week to $35/mt, as buying activity has slowed in the overall East Asian LNG market.
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Once a week, bunker intelligence platform ENGINE will publish a snapshot of LNG bunker prices in the world’s two biggest bunkering hubs. The following is the latest snapshot:

Singapore’s LNG bunker price premium over Rotterdam has narrowed by $13/mt on the week to $35/mt, as buying activity has slowed in the overall East Asian LNG market.

Weekly changes in LNG bunker prices:

  • Rotterdam up by $1/mt to $616/mt
  • Singapore down by $12/mt at $651/mt

Rotterdam

Rotterdam’s LNG bunker price has stabilised after falling for three weeks.

The front-month Dutch TTF Natural Gas contract has moved $0.10/MMBtu ($5/mt) higher in the past week. That upward pressure has been countered by a $0.10/MMBtu ($5/mt) drop in the assessed bunker delivery premium, which is now at $2.38/MMBtu ($124/mt).

TTF has been supported by a slowdown in LNG imports to northwest Europe and Italy, and mild weather for this time of the year, said ANZ’s Daniel Hynes.

The EU’s gas inventories are now less than 70% full, down from 72% a week ago, and down from nearly 79% at this time last year, according to Gas Infrastructure Europe.

Europe’s gas market is expected to become better supplied in the medium term, with increased export capacity coming online in the US, according to ING’s Warren Patterson. The EU will ban short-term contracts for LNG imports from Russia from April 2026, and long-term contracts from January 2027. These LNG imports make up about 13% of Europe’s total in the first 11 months of the year.

Pipeline gas imports from Russia are set to be phased out of the EU by September 2027, and ING’s Patterson expects US LNG to plug most of that supply gap.

Dutch LNG bunker demand has been strong recently, according to Kpler. The market intelligence firm said volumes rose by around 20,000 cbm from October to 87,000 cbm in November. TotalEnergies’ Gas Agility bunker vessel was particularly busy and doubled its delivered volumes from 15,000 cbm to 31,000 cbm. Shell’s LNG London also doubled its volumes, from 6,000 cbm to 12,000 cbm.

Singapore

Singapore’s LNG bunker price has declined again in the past week.

The price has shed $12/mt amid a similar-sized decline in the front-month NYMEX Japan/Korea Marker (JKM) contract. The bunker delivery premium came off slightly from $0.04/MMBtu ($2/mt) to $1.82/MMBtu ($95/mt).

JKM has dipped amid tepid LNG spot demand in Northeast Asia and plentiful supplies, said the Japan Organisation for Metals and Energy Security (JOCMEC). There was some buying from South Korea, but not enough for a price recovery. Japanese LNG stocks for power generation rose by 110,000 mt in the week to 7 December, when they measured 2.18 million mt.

Kpler estimates that 119,000 cbm of LNG was bunkered in Singapore in November, which was 13,000 cbm less than in October. There were 38 bunker stems delivered, a two-stem decline from October. Pavilion’s Brassavola and FueLNG’s Venosa supplied one fewer stem each. Only one bulk carrier received LNG in November, a sharp drop from eight in October.   

Other LNG bunker news

LNG supplier Axpo has delivered a first liquefied biomethane (LBM) stem in the Italian Port of Genoa, while Sinopec and Anhui Wanbo have delivered what they claim was China’s first LBM stem in Dalian.

ADNOC L&S has taken delivery of the fourth in a series of six LNG dual-fuel vessels, and Deltamarin got its design of an LNG bunker vessel approved by class societies.

LNG was also in the headlines in the US, where US shipbuilder Conrad Shipyard said it would explore building LNG bunker vessels with Samsung Heavy Industries.

By Erik Hoffmann

 

Photo credit and source: ENGINE
Published: 15 December, 2025

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Alternative Fuels

Wah Kwong subsidiary appoints Nordic Green Biotrading as European distributor

Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol and RFNBO-methanol across the EEA, UK, and Switzerland.
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June 17, 2026

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Wah Kwong subsidiary appoints Nordic Green Biotrading as European distributor

Venture Energy, a sustainable fuels supplier headquartered in Hong Kong, recently announced the signing of a Distribution Agreement with Nordic Green Biotrading ApS (Nordic Green), appointing the Danish company as its exclusive distributor of renewable methanol across the EEA, the United Kingdom, and Switzerland.

The move marked a key step in expanding Venture Energy’s next-generation marine fuels platform into the European market.

Venture Energy is a subsidiary of Hong Kong shipowner Wah Kwong Maritime Transport, focusing on the procurement and trading of clean fuels.

Under the agreement, Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol (bio-methanol) and RFNBO-methanol (e-methanol) throughout the Territory.

“We are delighted to formalise our longstanding collaboration with Nordic Green as our strategic distribution partner in Europe, extending the breadth and quality of our downstream coverage for our supplier network and developing the profile of high-quality renewable methanol producers in the European market.” said Gregor McMillan, Executive Director of Venture Energy.

Deepak Devendrappa, General Manager of Venture Energy, said: “Nordic Green’s track record in local distribution, deep market knowledge, and strong customer relationships across the region’s core bio-blending and chemical sectors make them the ideal partner to bring our ISCC-certified renewable methanol to our customers in the territory. 

“This agreement is another step in the road for Venture Energy as we act on Wah Kwong’s commitment to supporting the energy transition with reliable, sustainable fuel solutions.”

The distribution agreement covers sales within the dutiable area of the EEA, the United Kingdom, and Switzerland. Venture Energy will continue to market directly into the marine bunkering segment.

Bo Gleerup, representing Nordic Green, added: “This exclusive partnership represents a significant milestone for Nordic Green. Being able to sell Venture Energy’s high-quality, certified, renewable methanol volumes from a range of bio-methanol and e-methanol producers, complement our existing supply network for European road-fuel and chemical producers. This fresh focus allows us to offer some of the most competitive products coming into the market today. We look forward to working closely

with our colleagues at Venture Energy to develop this collaboration and deliver value to our shared customers across the territory.”

Related: Wah Kwong launches clean fuels procurement and trading subsidiary Venture Energy
Related: Wah Kwong clean fuels trading subsidiary and Shenji Energy ink green methanol supply deal

 

Photo credit: Venture Energy
Published: 17 June, 2026

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Hydrogen

LH2 Shipping wins Enova funding for two more liquid hydrogen-powered bulk carriers

Company secured USD 36 million for the development and construction of two additional liquid hydrogen-powered bulk carriers.

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June 17, 2026

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LH2 Shipping wins Enova funding for two more liquid hydrogen-powered bulk carriers

Norway’s LH2 Shipping on Tuesday (16 June) said it has been awarded Enova support of NOK 344.3 million (USD 36 million) for the development and construction of two additional liquid hydrogen-powered bulk carriers.

With the latest award, LH2 Shipping is now involved in the development of six hydrogen-powered bulk carrier projects. The announcement builds on previous Enova-supported vessel initiatives and reflects growing momentum for liquid hydrogen as a viable fuel alternative for short-sea shipping to meet decarbonising policy goals.

The new projects represent a continuation of LH2 Shipping’s long-term strategy to establish commercially viable hydrogen-powered vessels while contributing to the development of the supporting fuel and bunkering infrastructure required for large-scale adoption.

“This award is an important strategic milestone for LH2 Shipping,” stated Ivan Østvik, CEO of LH2 Shipping. 

“It strengthens our position as a developer of liquid hydrogen-based zero-emission vessel solutions and brings us yet another step closer to our ambition of enabling a substantial fleet of hydrogen-powered vessels that can help establish a complete maritime liquid hydrogen value chain.”

Since introducing the world’s first hydrogen-powered bulk carrier projects, LH2 Shipping has focused on moving beyond demonstration concepts toward commercially deployable vessels. The addition of vessels five and six further expands the project portfolio and supports continued industrial learning across ship design, fuel systems, operations, and infrastructure.

The Enova support will indirectly enable LH2 Shipping to continue their work developing additional zero-emission solutions for passenger transport and offshore operations, supporting Norway’s broader transition toward a low-emission maritime sector.

“If we are to succeed in the transition to low and zero emission solutions in the maritime sector, we depend on players who dare to go first. LH2 Shipping shows how shipping companies can take the lead and adopt new technology. This is crucial to accelerating development and reducing emissions from shipping,” said Head of Hydrogen and Ammonia Initiatives, Elin Ulstad Stokland at Enova.

This latest Enova award brings total support for the six vessels to more than NOK 800 million and reinforces the momentum behind hydrogen-powered shipping in Norway. Through these projects, LH2 Shipping is offering ship operators to decarbonise bulk transport at scale while contributing to the development of the infrastructure and experience needed for wider industry adoption.

 

Photo credit: LH2 Shipping
Published: 17 June, 2026

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Methanol

China: Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

Company says commissioning of “Zhong Ran LV Neng 85” will further enhance its service capabilities in green methanol bunkering in major domestic ports.
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June 16, 2026

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Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

China Marine Bunker (PetroChina) (Chimbusco) recently took delivery of its first bunkering vessel in China to deliver methanol to dual-fuel ships.

The 8,500-dwt duplex stainless steel chemical tanker Zhong Ran LV Neng 85 was successfully delivered in Zhoushan.

The company said the commissioning of this new ship will further enhance Chimbusco’s service capabilities in green methanol bunkering in major domestic ports and expand its national marine new energy service and support network

During the delivery period, Chimbusco said it focused on safe operations and conducted special training for all crew members of the vessel.

The training covered methanol bunkering operation specifications, prevention of collisions between commercial and fishing vessels, daily vessel reporting, and voyage report filling standards.

Manifold Times previously reported the launching of the bunkering vessel at Taizhou Fangzhen Shipbuilding Wharf in Zhejiang.

The floating out of the ship comes after Chimbusco has obtained methanol bunkering licences for Shanghai Port and Ningbo Port.

Related: Chimbusco launches new methanol bunkering vessel in Zhejiang

 

Photo credit: China Marine Bunker (PetroChina) (Chimbusco)
Published: 16 June, 2026

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