EMEA News
Shell Adds Valencia to LNG Bunkering Network
Energy firm Shell has expanded its LNG bunkering network to Valencia, Spain, following the completion of its first LNG bunkering operation at the port.
The operation makes LNG available as a marine fuel in Valencia and strengthens Shell’s LNG supply capabilities in the Mediterranean, the company said in a LinkedIn post today.
“The successful completion of the first LNG bunkering operation in Valencia marks an important milestone for Spain and further strengthens Shell’s LNG supply capabilities across the Mediterranean,” it said.
“As one of the region’s key maritime hubs, Valencia expands the options available to shipowners seeking LNG supply along major shipping routes.”
The company credited MSC Mediterranean Shipping Company, the Port of Valencia, Fratelli Cosulich Group and other parties for their involvement in the operation.
Shell supplies LNG and bio-LNG across 28 locations worldwide, according to its website. The company operates a fleet of 16 LNG bunkering vessels.
The company had projected in June that LNG bunker demand would reach 27 million mt by 2035.
Shell said it plans to carry out further LNG bunker deliveries in Valencia and other locations across the Mediterranean as LNG bunkering infrastructure expands.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 917.00 | 10.00 | 1295.00 | 34.00 |
| Rotterdam | 742.00 | 5.50 | 1435.50 | 54.00 |
| Houston | 765.00 | 2.00 | 1408.00 | 12.00 |
| Fujairah | 986.00 | 1.50 | 1725.50 | 38.50 |
| EMEA Average | 895.50 | 1.00 | 1721.00 | 29.50 |
| Global 20 Ports Average | 902.00 | 6.00 | 1547.50 | 29.50 |
| Global 4 Ports Average | 852.50 | 4.00 | 1466.00 | 34.50 |
| Global Average Bunker Price | 950.50 | 2.50 | 1606.00 | 21.00 |
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