Singapore Marine Fuel LNG Bunker prices
Platts Singapore Marine Fuel LNG Bunker price assessments, monthly average, $/mt (Low Sulphur Fuel Oil equivalent)
Platts factor used to convert $/MMBtu to $/mt of Low Sulphur Fuel Oil equivalent is 38.643
Source: S&P Global Platts
Platts Singapore Marine Fuel LNG Bunker price assessments, monthly average, $/MMBtu
Source: S&P Global Platts
Platts Singapore Marine Fuel LNG (Low Sulphur Fuel Oil equivalent) vs LSFO, MGO and HFO price assessments, monthly averages, $/mt
Source: S&P Global Platts
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.
ROTTERDAM LNG BUNKER PRICES
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
Singapore LNG Bunker Fuel
Frequency: The Singapore LNG Bunker Fuel assessment is published each business day and reflects market values prevailing at the close of Asian markets, 4:30 pm Singapore 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 Singapore. Platts considers a variety of inputs in its LNG Bunker Fuel assessments, these include the FOB Singapore LNG assessment, which is a netback from JKM. Platts Singapore LNG bunker assessment is published on a flat price basis in $/ MMBtu.
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 is converted from the MMBtu assessment to a metric ton of fuel oil equivalent, using a factor of 38.643.
