Rotterdam Marine Fuel LNG Bunker prices

Rotterdam LNG Bunker price assessment (€/mt)

Platts factor used to convert €/MWh to €/mt of Low Sulphur Fuel Oil equivalent is 11.322

Rotterdam LNG bunker price assessment ($/MMBtu)

Comparison of Rotterdam Bunker fuel price assessments by calorific value ($/GJ)

Marine Fuel Bunker Conversion

Marine fuel bunkers are traditionally purchased on a dollar per metric ton (mt) basis, however the transaction is really about buying energy.

LNG offers a lower energy cost per metric ton – for example, when priced against Low Sulphur Fuel Oil (LSFO) its energy cost per metric ton is some 16% lower because it contains more energy for a given mass.

LNG as a marine fuel provides approximately 46.7 MMBtu (or 13.7 MWh) of energy per metric ton, whereas LSFO only provides about 40.2 MMBtu (or 11.8 MWh) per metric ton.

SINGAPORE LNG BUNKER PRICES

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Platts Marine Fuel LNG Bunker price assessment methodology

Marine Fuel LNG Bunker price assessments
Platts publishes daily LNG Bunker Fuel assessments, reflecting the value of LNG used as a marine fuel, in the ports of Singapore and Rotterdam.

For more detail on Platts Marine Fuel LNG bunker price assessment methodology, click here

Rotterdam LNG Bunker Fuel

Frequency: The Rotterdam LNG Bunker Fuel assessment is published each business day and reflects market values prevailing at the close of European markets, 4:30 pm London time.

Basis & Location: Platts considers the prevailing tradeable value of LNG bunker fuel in the locations on a truck-to-ship (ex-wharf) or barge-to-ship (delivered) basis in Rotterdam. Platts assesses the differential from the spot LNG Northwest Europe (AASXU00) assessment, publishing the final assessment on a flat price basis in Eur/MWh. Other local gas hubs may also be considered as the basis for the Rotterdam assessment.

Timing: The Rotterdam LNG bunker fuel assessment is for bunker deliveries 7-20 days ahead.

Volume: The assessed volume is for deliveries of 5,000 cu m. Sizes above and below may be normalized for purposes of assessment.

Unit: The LNG bunker fuel assessment includes the logistics costs from the terminal to the barge or truck, and charges for delivery direct to the receiving vessel. Platts also publishes $/mt conversions for LNG Bunker Fuel assessments. These $/mt price series are converted from the MWh assessment to a metric ton of fuel oil equivalent, using a factor of 11.322.

Please note that all aspects of this data, including the underlying data, are the intellectual property of S&P Global Platts, a division of S&P Global. For more information about S&P Global Platts market services, click here

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