LNG Bunker Snapshot: Prices climb across the board amid renewed US-Iran tensions

AI Summary

LNG bunker prices in Rotterdam have surged following renewed US-Iran tensions, with the front-month Dutch TTF natural gas contract driving the price gains. The increased LNG costs are attributed to concerns over supply disruptions from recent attacks on merchant vessels in the Strait of Hormuz.

Rotterdam Rotterdam’s LNG bunker price has surged by $78/mt, tracking gains in the front-month Dutch TTF natural gas contract. Over the past week, the benchmark has risen by $1.63/MMBtu to $16.64/MMBtu ($865/mt). The rally in TTF price has been driven by “concerns over LNG supply… following attacks on merchant vessels in the Strait of Hormuz ...