World News
Gazprom and Mitsui Further LNG Bunkering Plans
Gazprom today said a working meeting was held between Alexey Miller, Chairman of the Gazprom Management Committee, and Masami Iijima, Representative Director and Chairman of the Board of Directors of Mitsui & Co., Ltd. (Mitsui), in order to discuss partnership prospects, with particular attention said to have been paid to the implementation of liquefied natural gas (LNG) bunkering plans.
As Ship & Bunker reported in September, Gazprom signed a Memorandum of Understanding (MoU) with Mitsui to cooperate on feasibility and marketing studies related to LNG bunkering in Russia's Far East and the Asia-Pacific region.
The two parties are also said to have discussed a number of other partnership areas, including joint efforts in expanding the Sakhalin II project.
In June, Gazprom announced it was in discussions with Belgium-based Fluxys to pursue joint efforts to develop LNG infrastructure in Europe that would support, among other things, LNG bunkering.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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