- CH3OH: 19,0 $/mmBTU = 359 $/ton- Crude oil Brent:  8,4 $/mmBTU = 321,2 $/t = 44,0 $/barrel, Access 7 expert presentations and watch the video recordings, Download our 40-page paper and 12-page executive summary, Book now for an overview on current developments. - IFO 380/180: 7,6/8,1 $/mmBTU = 290/310 $/ton This turns the gas into a liquid, reducing the volume 600 times, enabling economical transportation and storage. Successful LNG bunker fuel penetration in the global shipping industry depends on … Leave a Reply Cancel reply. For instance, LNG cargo transfer follows a principle called ‘custodial transfer measurement’. The bunker barge is fitted with a deck-mounted bunker mast system for ship-to-ship fuelling. Until now, the growth of liquid natural gas as a marine fuel has been a lot slower than experts were predicting in 2012, when the class society DNV GL published its first forecast suggesting a global fleet of around 1,000 vessels by 2020. 6.2.2 USA LNG as a Bunker Fuel Revenue (M USD) and Share of Manufacturers 2014-2020 6.2.3 USA LNG as a Bunker Fuel Price (USD/Unit) of Manufacturers 2014-2020 6.2.4 USA LNG as a Bunker Fuel Gross Margin of Manufacturers 2014-2020 6.2.5 Market Concentration 6.3 Europe Market Performance for Manufacturers 114.6p 118.0p 64.4p 128.6p 133.2p 0.3p 0.4p 0.0p 0.1p 0.1p Prices updated from 04/12 to 11/12/20. The usual figures for gas are related to the upper heating value. LNG can be contracted on spot or long term. The company says it is responding to increased queries from the industry to find the prevailing cost of LNG as bunker fuel and is looking to extend transparency on pricing in the sector, according to Reuters. Terminal operator EPIK plans to bring an LNG bunker supply operation to its proposed Newcastle GasDock terminal. LNG in Europe competes with pipeline gas therefore only costs of distribution to the ship have to be added to gas price. Easy to apply to existing vessels. Get more details on this report - Request Free Sample PDF LNG Bunkering Market, By Product Ship-to-ship LNG bunkering market is predicted to witness growth over 60% by 2024 owing to its high capacity and quick transfer operations. - MGO 0,1% S: 9,6 $/mmBTU = 390 $/ton  LNG has served as a bunker fuel for many decades, but predominantly on LNG carriers as boil-off gas. ]: Subscribe for a year or order a 1-month trial. Platts Bunker Fuel service helps to develop, connect & explain the market price of crude oil and oil products. Scrubbers – installation is effectively on the existing exhaust stack but can result on a 1-3 percent increase in fuel consumption. LNG commodity prices in Europe are linked to the Title Transfer Facility (TTF). Global shipping prices, market and other tanker information. Bunkering Europe LNG bunkering price comparison tool launched. The price assessments will start next week for Singapore and Rotterdam . But would LNG-bunker price transparency have helped attract more owners to LNG? SINGAPORE DATA: Nov bunker fuel sales up nearly 3% on month to 4.26 mil mt Platts Bunkerworld . Monster Magnet 4 Buy. Mr Hunter believes LNG bunker pricing will also be energy content-based, as opposed to the price-per-metric-tonne method used with fuel oils. In the port of Rotterdam, import and export of LNG for use in Europe takes place on a large scale. World 3 [? Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. The Global LNG as a Bunker Fuel Market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%. World 3 [? Also in the News. 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