Commodities information and pricing provider S&P Global Platts on Monday (2 September) will start providing daily price assessments for liquefied natural gas (LNG) as a bunker fuel at the Singapore and Rotterdam markets.
The Singapore assessments will be published daily in both $/MMBtu and $/mt, while the Rotterdam assessments will be published in Eur/MWh and $/mt.
Together, they will both reflect the value of LNG for use as a marine bunker fuel on a delivered basis in Singapore and Rotterdam, two of the world's largest bunkering hubs, says Platts.
S&P Global Platts Analytics forecasts a strong increase in supplied volumes of LNG to the bunkering market over the next decade to almost 15 million tons per year, which is bigger that the UK's import market, due to the incoming implementation of IMO 2020.
“S&P Global Platts has a long history of providing transparency to commodity markets,” said Ciaran Roe, Global Director of LNG pricing, S&P Global Platts.
“We're pleased to launch these new assessments covering the nascent but fast growing LNG bunker market and leveraging Platts capabilities in marine fuel and LNG. This is especially timely as the industry is grappling with the impact of the IMO 2020 regulations.”
Photo credit: S&P Global Platts
Published: 2 September, 2019
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