LNG in World Markets Mid Month: Germany’s Deutsche Regas Terminates FSRU Charter

February 2025

German private terminal operator Deutsche Regas has terminated its sub-charter contract with the Berlin government for one of its two floating storage and regasification units (FSRUs) at its Mukran terminal in the Baltic Sea.

The decision to end the contract for the 7.5-Bcm/y capacity Energos Power FSRU followed a “ruinous pricing policy” pursued by state-owned LNG terminal operator Deutsche Energy Terminal (DET) since December last year, Deutsche Regas said on Feb.10. Deutsche Regas commissioned the Energos Power FSRU in March 2024. Its second FSRU at the port of Mukran, the 5-Bcm/y FSRU Neptune, went into operation on Sep. 2 last year. Both the FSRUs are chartered on a long-term basis.

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