LNG Bunker Snapshot: JKM contract roll lifts Singapore’s LNG bunker price
Rotterdam's LNG bunker price rose for a third consecutive week, by less than TTF, which climbed $2.17/MMBtu to $29.42/MMBtu, while Rotterdam's bunker premium over TTF narrowed to $2.41/MMBtu. Singapore's LNG bunker price rose by far more than Rotterdam's, widening its premium over ARA from $34/mt to $114/mt, with the roll of JKM to the higher-priced December contract accounting for $176/mt of the increase. EU gas storage was 74% full on 18 October, broadly level with a week earlier and 11% lower than a year earlier.
Why it matters: The divergence between the Singapore and Rotterdam bunker prices links Asian gas demand and European winter supply risk through the JKM and TTF contracts, placing LNG pricing within the briefing's energy security theme.