The Dutch port of Rotterdam reported a rise in its LNG bunkering volumes in the July-September period as prices dropped from the last year and demand continues to increase.
Europe’s largest bunkering port said LNG volumes reached 204,418 cubic meters in the third quarter, a rise of about 53.2 percent compared to 133,532 cbm in 2022.
LNG volumes rose compared to the previous quarter’s 179,804 cubic meters, which also marked a year-on-year rise.
During January-September, these volumes reached 470,310 cbm, compared to 348,000 cbm during the same period last year.
In 2022, LNG bunkering volumes stood at 406,599 cbm, a 32.6 percent decline compared to the year before.
Last year’s volumes were lower mainly due to high prices. However, prices dropped considerably this year and now the volumes are back on similar levels seen in 2021.
The port of Rotterdam reported LNG bunkering volumes of 212,719 cbm in the third quarter of 2021. This is 3.9 percent higher compared to the third quarter of this year.
LNG throughput almost flat
LNG throughput in the port of Rotterdam rose by just 0.4 percent in the January-September period of this year.
The port, home to Gasunie’s and Vopak’s Gate LNG import terminal, said that total LNG throughput reached 8.65 million tonnes in the period under review.
Incoming LNG volumes decreased by 0.6 percent in the period to 8.44 million tonnes, while outgoing volumes rose by 72.3 percent to 206,000 tonnes, according to the Rotterdam port’s report.
“The throughput of LNG rose slightly by 0.4 percent, as more LNG was imported to replace Russian pipeline gas,” it said.