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S&P Platts Global launching LNG bunkering assessments

With the growth in LNG as a marine fuel S&P Platts Global is launching price assessments for LNG bunkering from 2 September.

The assessments will be launched for two of the world’s largest bunkering ports – Singapore and Rotterdam – and will be priced in dollars per MMBtu and dollars per mt in Singapore, while the Rotterdam assessments will be published in EUR per MWh and dollars per mt.

With the IMO 2020 0.5% sulphur cap for marine fuels coming into force next year S&P Platts Global sees major growth in LNG as fuel to 15m tons per year over the next decade.

Read more: 6 critical triggers for LNG as a bunker fuel

Ciaran Roe, global director of LNG pricing, S&P Global Platts, said: “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.”