Fuel Switch Snapshot: Gas slide narrows LNG and LBM premiums over fuel oil

AI Summary

Prices for liquefied biomethane in Rotterdam fell over the past week, narrowing its premiums against high- and very-low-sulfur fuel oil. The report also notes that fuel oil prices rose and LBM discounts to marine gasoil widened, with price differentials varying by engine type.

Liquefied biomethane’s (LBM) premiums over HSFO in Rotterdam have narrowed by $101-103/mt to $233-361/mt depending on engine type over the past week. LBM has fallen by $91-93/mt, while HSFO has gained $10/mt. LBM’s premiums over VLSFO have narrowed by $58-60/mt to $162-290/mt, and its discounts to LSMGO have widened by $26-28/mt to $323-452/mt depending on ...