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

Woodside to Shed Some Trinidad and Tobago Assets for $206M

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Japan's Mitsui Eyes Alaska LNG Project

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Flare Gas Recovery Meets the Future

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

Current News

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

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