Factbox: Germany's LNG import project plans

Fluxys Belgium SA

13/07/2022 09:13

(Mentions regulator's role, progress in Schleswig-Holstein)
    FRANKFURT, July 13 (Reuters) - German plans for liquefied
natural gas (LNG) terminals have picked up speed since Berlin
declared them vital to its effort to diversify away from Russian
energy.  urn:newsml:reuters.com:*:nL1N2V802B urn:newsml:reuters.com:*:nL2N2WH0XH
    Germany has leased four floating storage and regasification
units (FSRUs) and chosen Wilhelmshaven as its first hub for
handling LNG and later clean hydrogen. Other sites will follow.
 urn:newsml:reuters.com:*:nL2N2WX0IV urn:newsml:reuters.com:*:nL5N2WX7BE
    The government has earmarked 2.94 billion euros ($2.94
billion) for the projects, set to be developed by utilities RWE
 RWEG.DE  and Uniper  UN01.DE , respectively.
    To support development of the terminals and related
pipelines that will link them to bigger cross-country networks,
the energy regulator, the Bundesnetzagentur, is allowing short
refinancing and write-off periods.
    
    WILHELMSHAVEN
    An FSRU is expected to be ready late this year or in early
2023.
    Uniper on July 4 said it had received approval for the
immediate start of construction of FSRU facilities for receiving
seaborne gas.  urn:newsml:reuters.com:*:nS8N2YA01M 
    Later, it wants to import ammonia and set up an electrolysis
plant, for turning ammonia into clean hydrogen. It also wants to
build a clean hydrogen storage unit at Krummhoern. 
    In a separate project, Tree Energy Solutions is talking to
interested parties about plans for an LNG terminal to be called
AvantHy at Wilhelmshaven in partnership with E.ON
 EONGn.DE . urn:newsml:reuters.com:*:nL8N2Y13G3
    
    BRUNSBUETTEL
    Schleswig-Holstein state wants an FSRU quickly, as a
forerunner of a fixed LNG facility at Brunsbuettel with an
annual handling capacity of 8 billion cubic meters (bcm),
expandable to 10 bcm.  urn:newsml:reuters.com:*:nS8N2VX09B
    The environment ministry is due on July 19 to publish
planning details for two related pipelines that Dutch operator
Gasunie has applied to build. Gasunie has a 40% stake in the
FRSU project.
    The FRSU could start in 2026 or earlier and would also be
developed by state bank KfW  KFW.UL , with a stake of 50%, while
utility RWE would hold 10%.  urn:newsml:reuters.com:*:nL1N2V802B 
    Shell  SHEL.L  would buy a large part of the LNG.
 urn:newsml:reuters.com:*:nL5N2VQ3QH
    
    STADE
    Project company Hanseatic Energy Hub (HEH) is inviting
market participants to book 12 billion cubic metres, or 90%, of
the annual regasification capacity of a planned hub that could
materialise in 2026.  urn:newsml:reuters.com:*:nL8N2Y14ZM 
    It is backed by gas network firm Fluxys  FLUX.BR , 
investment firm Partners Group  PGHN.S , logistics group Buss
and chemicals company Dow  DOW.N .
    A final investment decision is expected next year.
    Utility EnBW  EBKG.DE  has committed itself as a
buyer. urn:newsml:reuters.com:*:nL3N2W92D1
    
    HAMBURG, ROSTOCK
    Port city Hamburg, as well as Rostock on the Baltic Sea,
have also been suggested as possible FSRU locations.
    ($1 = 0.9987 euros)

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Germany charters 2 Dynagas FSRUs to replace 30% of Russian gas
imports     urn:newsml:reuters.com:*:nL5N2WX7BE
UPDATE 2-Germany ramps up capacity for LNG imports to replace
Russian gas     urn:newsml:reuters.com:*:nL2N2WX0IV
ANALYSIS-As Germany joins LNG import race, a long and crowded
track awaits     urn:newsml:reuters.com:*:nL2N2WH0XH
Germany, Hoegh LNG sign deals for two FSRUs to help replace
Russian gas     urn:newsml:reuters.com:*:nL5N2WJ2GN
EXCLUSIVE-Germany, Qatar at odds over terms in talks on LNG
supply deal -sources      urn:newsml:reuters.com:*:nL5N2WW7BO
Germany's Stade LNG hub invites capacity bookings    
 urn:newsml:reuters.com:*:nL8N2Y14ZM
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 (Reporting by Vera Eckert; Editing by Ed Osmond and Bradley
Perrett)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654;
@EckertVera;))