Factbox: Germany's LNG Import Project Plans
FRANKFURT (Reuters) - Germany is acquiring LNG terminals as part of its efforts to diversify away from Russian gas.
It leased four floating storage and regasification units (FSRUs) in May, capable of importing at least 5 Bcm of seaborne gas per year each. Two of them are due to become available this year.
Wilhelmshaven will become the first LNG hub and Brunsbuettel the second, to be developed by Uniper and RWE, respectively.
The Elbe River port of Stade and Lubmin on the Baltic Sea will also receive an FSRU each.
Germany has also formalized the chartering of a fifth floating LNG ship for Wilhelmshaven, the economy ministry said on Oct. 25, ready for the first quarter of 2023.
Wilhelmshaven
Uniper in August received approval for the start of construction of an FSRU facility.
Later, facilities to import ammonia and set up an electrolysis plant for turning ammonia into clean hydrogen will be set up at the location.
Brunsbuettel
An FSRU at Brunsbuettel is expected to deliver gas from the end of 2022 or early in 2023 and serve as a forerunner of a fixed LNG facility.
Dutch gas network operator Gasunie, which has a 40% stake in the FSRU project, is planning two related gas pipelines.
State bank KfW and RWE are stakeholders in the fixed facility. Shell has committed itself to some guaranteed purchases.
Stade
Project operator Hanseatic Energy Hub (HEH), due to receive an FSRU to go into operation from the end of next year, previously launched invitations to market participants to book regasification capacity at a planned land-based hub.
This could materialize in 2026.
It is backed by gas network company Fluxys, investment firm Partners Group, logistics group Buss and chemicals company Dow.
EnBW has committed itself as a buyer.
Applications for the terminal and port have been submitted. A final investment decision is expected next year.
Lubmin
The operators of the state-leased FSRU destined for Lubmin expect it to be operational at the end of 2023.
A private consortium, Deutsche ReGas, aims to develop another FSRU hub there earlier and says a recent tender for annual regasification capacity of 11.7 Bcm was oversubscribed, with 15.2 Bcm sought after.
(Reporting by Vera Eckert. Editing by Jan Harvey, Jason Neely, Jane Merriman and David Goodman)
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments