Thu 10 Mar 2011, 07:47 GMT

Bunker Index publishes LNG indicators


Daily natural gas futures prices now published on the home page of Bunker Index.



Bunker Index is pleased to announce the addition of daily natural gas futures prices as indicators for liquefied natural gas (LNG).

Located on the left-hand side of the home page and linked to a settlement prices page, Bunker Index is now publishing the following two indices:

*Henry Hub front month natural gas futures

*UK NBP natural gas futures (monthly)

Henry Hub, a point on the natural gas pipeline system located in Erath, Louisiana, is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX). Prices are quoted in USD/mmBtu (million British thermal units). The contract unit is 10,000 million British thermal units.

UK NBP natural gas futures prices are traded on the IntercontinentalExchange (ICE). Contracts are for physical delivery through the transfer of rights in respect of natural gas at the National Balancing Point (NBP) - a virtual trading location for the sale and purchase and exchange of UK natural gas. Delivery is made equally each day throughout the delivery period.

UK NBP prices are quoted in GBP/therm where one therm is equal to 100000 British thermal units (Btu). One lot equals 1,000 therms of natural gas per day (1 therm = 29.3 kilowatt hours). Contract sizes are in multiples of 5 lots of 1,000 therms per lot of natural gas per day.

BP   LNG  

Areion vessel. Dorian LPG takes delivery of dual-fuel VLGC capable of carrying ammonia  

The 93,000-cbm Areion can run on LPG or fuel oil and transport ammonia cargoes.

FSRU Toscana alongside Green Zeebrugge vessel. RINA awards ISCC EU certification to OLT Offshore LNG Toscana for bio-LNG supply  

Certification enables bio-LNG use in the EU as a renewable fuel under RED II and RED III directives.

World Shipping Council at IMO meeting. WSC calls for safe maritime corridor as 20,000 seafarers remain trapped in the Persian Gulf  

Industry body urges IMO member states to establish safe passage and supply access.

Graphic promoting Auramarine webinar titled 'Sustainable Fueling Part 3: Ammonia - next alternative fuel in marine'. Auramarine to host webinar on ammonia as marine fuel in April  

Finnish firm will explore ammonia’s role in maritime decarbonisation at its third spring webinar.

Front cover of study by WinGD and Envision Energy titled 'Renewable Fuel Economics: An OPEX illustration based on current costs'. Green ammonia could reach cost parity with VLSFO and LNG by 2050, study finds  

WinGD and Envision Energy study projects green ammonia operational costs competitive with conventional marine fuels.

Elenger Marine's LNG bunkering vessel Optimus alongside Brittany Ferries’ Saint-Malo. Bureau Veritas verifies methane emissions on Brittany Ferries’ LNG vessels  

Verification enables ferry operator to report measured methane slip instead of regulatory default values.

Map showing existing and planned Emission Control Areas (ECAs). Alliance calls for urgent black carbon action as new Arctic emission control areas take effect  

Canadian Arctic and Norwegian Sea ECAs now in force, with compliance deadline set for March 2027.

Artistic impression of battery-electric ferry for operation on Perth’s Swan River. Lloyd’s Register to class Western Australia’s first electric ferry fleet  

Echo Marine Group partners with Lloyd’s Register on five battery-electric ferries for Perth’s Swan River.

Thomas Kazakos, secretary general of The International Chamber of Shipping (ICS). ICS condemns Middle East shipping attacks as 20,000 seafarers remain trapped  

Industry body calls for urgent state action to resupply vessels and enable crew changes.

Molslinjen ferry illustration. Molslinjen order propels Australia to top of battery vessel production rankings  

Danish ferry operator’s three-catamaran order at Incat Tasmania shifts global manufacturing landscape, analysis shows.