German LNG Terminal Signs New Pact

Laxman Pai
Tuesday, February 12, 2019

German LNG Terminal GmbH, the joint venture driving forward Germany’s first LNG terminal in Brunsbuettel, has reached another long-term commercial capacity agreement with an unnamed global LNG player.

The gas infrastructure company consisting of N.V. Nederlandse Gasunie (Gasunie), Oiltanking GmbH and Vopak LNG Holding B.V said in a press release that the parties agreed on the commitment of a substantial part of the terminal capacity.

Negotiations with other interested parties are ongoing. As a result of strong market demand, German LNG Terminal will apply for permits with a total terminal capacity of 8 bcma.

Rolf Brouwer, Managing Director of German LNG Terminal GmbH, said the additional commercial agreement ‘demonstrates that the market has confidence in the prospects of LNG in Germany’.

He added: "The added value of the proposed multi-services terminal we offer to the market has been recognised and adopted by the global LNG community. The German federal government has clearly recognised the benefits of LNG and, accordingly, has stipulated in its coalition treaty to develop LNG infrastructure in Germany.”

Preparations for the terminal’s permitting approval process are well under way: a “scoping meeting”, organised and chaired by the approving authorities, took place at the end of January. At this meeting approving authorities, environmental organisations, experts and further relevant third parties discussed with German LNG Terminal the subject, scope and method of the necessary environmental impact assessment with regard to water and emissions legislation as part of the overall planning approval process.

Obtaining construction approval for the planned LNG terminal is one of the conditions for being able to make the final investment decision in late 2019. Construction work will then start in 2020 with the terminal being fully operational by the end of 2022.

The aim of German LNG Terminal GmbH is to develop, build, own and operate a multifunctional LNG import terminal in northern Germany. The terminal will contribute to energy diversification in Germany and will support the introduction of LNG as a cleaner fuel alternative in maritime and road transport, lowering the environmental impact of both shipping and heavy goods vehicles transport.

The terminal will combine a variety services such as unloading and loading of LNG ships, temporary storage of LNG, regasification and send out into the German natural gas network and LNG distribution by trucks.

Categories: Energy LNG Terminal

Related Stories

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Yinson Production Closes $1B Investment to Drive Further Growth

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

CNOOC Starts Production at Offshore Field in South China Sea

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com