LNG in World Markets: FID Nears for German LNG Terminals

 

This current feature was extracted from the latest edition of Poten’s LNG in World Markets, a monthly service published on November 30, 2023.

German onshore LNG import terminal developers are maintaining a positive outlook and hoping to reach final investment decisions (FID), with some planning to do so before year-end.

The three onshore projects aiming for FID are Hanseatic Energy Hub’s (HEH) Stade terminal, German LNG’s (GLNG) Brunsbuttel terminal and Tree Energy Solutions’ (TES) Wilhelmshaven terminal. There are also floating storage and regasification units (FSRUs) that are either active or planned at these sites (see Table).

The terminal at Stade is expected to be the first to take FID, potentially before the end of the year. The €1 billion terminal is expected to begin operations by 2027 after Spanish energy company Enagas bought 10% of the consortium that forms HEH (see LNGWM, Sep ’23). Banks have been asked to provide funding for the terminal.

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