LONDON, Sept. 1, 2025 /PRNewswire/ — Global energy and commodity price reporting agency Argus has launched new calculated prices which give a value for the cost of compliance generated under the FuelEU Maritime regulation, minus the price of EU allowances available under the region’s emissions trading system (ETS). This is in direct response to feedback from market participants, following Argus’ launch of the world’s first PRA FuelEU abatement prices in February 2025.
Leon Arets, Trading Director at Netherlands-based FincoEnergies, said: “We welcome the expansion of Argus’ FuelEU Maritime assessment coverage and have already incorporated the FuelEU abatement costs launched in February for cost price exploration with regards to our FincoEnergies FuelEU Pooling compliance solution. These new abatement costs will add important new transparency to support this growing market, reflecting market value for FuelEU compliance, and provide an independent benchmark index that can help our clients make decisions with regards to meeting their FuelEU requirements.”
The calculated prices represent the cost of abating one tonne of CO2 equivalent by burning used cooking oil methyl ester (Ucome) instead of marine gasoil (MGO) or very-low sulphur fuel oil (VLSFO), minus the value of EU ETS allowances for the marine sector.
They bring transparency to a compliance market which has emerged since the introduction of the FuelEU Maritime regulation in January 2025. The measure requires ships operating in EU waters to cut greenhouse gas emissions progressively — starting with a 2pc reduction in 2025 and increasing to 80pc by 2050. The new Argus assessments will be backdated to 2 January 2025, covering the entire scope of FuelEU from the point of implementation.
“We have worked closely with the industry to develop these new compliance cost prices,” Argus Media chairman and chief executive Adrian Binks said. “Companies need transparency in terms of the costs of compliance with environmental regulations so that they can achieve emissions reductions cost-effectively. The new prices are anchored in Argus’ Ucome market price assessment, which is the standard industry benchmark used for physical and derivatives trading across Europe and beyond.”
The new FuelEU Ucome-MGO abatement ex-ETS, FuelEU Ucome-VLSFO abatement ex-ETS, and EU ETS (maritime sector) prices are published daily in €/t CO2e and $/t CO2e in the Argus Biofuels and Argus Marine Fuels reports.
Notes to editors
Shipowners and charterers that generate greenhouse gas savings above the 2pc requirement can choose to sell the surplus to other shipowners using FuelEU’s pooling mechanism. This allows a shipowner to aggregate compliance over its entire fleet to create a positive balance at the end of the reporting year. It can also involve selling excess compliance to companies which have not achieved the targeted reductions. Many market participants buying FuelEU compliance via the pooling mechanism do not benefit from an ETS saving and have requested a price that reflects this.
As well as providing a value for the cost of compliance, the new prices can be used by shipowners to decide whether to sell compliance, save it for future years, or pay the penalty for failing to meet the target. Charterers can use the prices to value the compliance generated during short or long-term charter agreements to sell or buy back compliance at the end of those agreements.
The regulation requires shipowners to pay penalties if they fail either to meet the reduction target or to purchase surplus compliance from overperformers.
Argus contact information
London: Seana Lanigan
+44 20 7780 4200
Email Seana
Houston: Matt Oatway
+1 713 968 0000
Email Matt
+65 6496 9960
Email Tomoko
About Argus Media
Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.
Headquartered in London with 1,500 staff, Argus is an independent media organisation with 30 offices in the world’s principal commodity trading hubs.
Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.
Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.
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