EMEA News
Molgas Conducts Its First LNG Bunkering at Italy's Port of Palermo
Gas firm Molgas Energy Group has carried out its first LNG bunkering operation at Italy’s Port of Palermo.
The operation followed months of preparation and coordination involving Molgas teams from Italy, Spain, the Netherlands and Greece, the firm said in a LinkedIn post on Tuesday.
The operation, which took place last week, involved supplying LNG to a ferry and testing its fuel systems before the vessel successfully received its first LNG load.
The bunkering was carried out using three tank trucks during a 10-12-hour operation.
LNG bunker demand is picking up as more dual-fuel LNG ships are joining the global fleet.
According to DNV data, the global LNG-fuelled fleet is made up of 892 ships with another 662 expected to join the fleet by 2030.
Molgas has been an active LNG bunker supplier in the region. The company completed the full acquisition of LNG bunker supplier Titan Clean Fuels last year.
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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