World News
Spanish Port to Consider LNG Bunkering
Tuesday April 28, 2020
Almeria in southern Spain has is to look at supply liquified natural gas (LNG) for the port.
A feasiblility study, which will examine options for the storage and supply of the alternative bunker fuel, is being conducted under the auspices of the port authority, according to regional news provider Ansamed.
A local engineering firm will assess the project from a security and safety standpoint. The project could be ready to launch as early as next year, the report said.
LNG is seen by some as the most viable bunker fuel alternative to oil-derived fuel oil. One of LNG as marine fuel's strongest markets is in northern Europe.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.50 | 9.00 | 685.00 | 6.50 |
| Rotterdam | 506.00 | 6.00 | 665.00 | 11.00 |
| Houston | 552.50 | 0.50 | 682.00 | 4.00 |
| Fujairah | 548.00 | 7.50 | 750.00 | 3.00 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
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