Liquified natural gas (LNG) supplier Titan LNG has launched a price overview of LNG as a marine fuel looking at prices in the key regions of Rotterdam, North Sea, Baltic, Mediterranean and Singapore. Reference prices are available for two different drop sizes – 250 and 1,000 tonnes – for each region.
The price page is available on Titan’s website and presenting prices across three delivery options, including truck-to-ship, FlexFueler barge, and sea-going bunker vessels.
The price comparison offers a range of comparisons, in either dollars or euros/tonne, or per megawatt hour or as one million British thermal units (MMBtu).
“The pre-formulated table (accessed free of charge with premium access) enables users to input relevant market prices, which are automatically converted into the LNG equivalent, allowing owners and operators to follow market trends. Moreover, premium access also provides forward curves, illustrating the delta of LNG vs MGO in terms of pricing,” said a Titan statement.
While Régine Portocarero, Business Development Manager, Titan LNG commented, “One of the biggest hurdles we face in the progress towards a low emissions future is the lack of transparency and understanding of LNG, which already contributes to reducing carbon and eliminates local harmful emissions. It is clear that LNG offers a clear pathway to decarbonisation through Bio-LNG and eventually using green hydrogen converted into E-fuels (Synthetic Liquid Gas)."
The company said that LNG pricing and availability remains central to decision-making when considering the adoption of LNG as a marine fuel.
Vessel operators can access the Titan tool here.