Factbox: Germany's LNG import project plans

Fluxys Belgium SA

02/08/2022 12:29

(Adds latest developments at Stade, Lubmin)
    FRANKFURT, Aug 2 (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 in May leased four floating storage and
regasification units (FSRUs) for the import of at least 5
billion cubic metres a year each of seaborne gas, of which two
are due to become available this year. 
    Wilhelmshaven will become the first hub for handling LNG and
Brunsbuettel the second, to be developed by Uniper  UN01.DE  and
RWE  RWEG.DE  respectively.  urn:newsml:reuters.com:*:nL2N2WX0IV urn:newsml:reuters.com:*:nL5N2WX7BE 
    In July, the economy ministry identified the Elbe river port
of Stade and Lubmin on the Baltic Sea as the two other
recipients of the remaining FSRUs.  urn:newsml:reuters.com:*:nL8N2Z04ZP
    
    WILHELMSHAVEN
    Uniper has received approval for the immediate start of
construction of the FSRU facility, with activity to begin from
the end of 2022.  urn:newsml:reuters.com:*:nL8N2ZE40M 
    Later it wants to import ammonia and set up an electrolysis
plant for turning ammonia into clean hydrogen.
    
    BRUNSBUETTEL
    The hub is working on the FSRU to deliver gas from the end
of 2022 or early in 2023, as a forerunner of a fixed LNG
facility.  urn:newsml:reuters.com:*:nL2N2WX0IV 
    State bank KfW  KFW.UL  and RWE are stakeholders of the
fixed facility. Shell  SHEL.L  has committed itself to some
guaranteed purchases.  urn:newsml:reuters.com:*:nL1N2V802B  urn:newsml:reuters.com:*:nL5N2VQ3QH
    Dutch gas network operator Gasunie, which has a 40% stake in
the FSRU project, is planning two related gas pipelines.
    
    STADE
    Project operator Hanseatic Energy Hub (HEH), due to receive
an FSRU to go into operation from the end of next year,
previously launched invitations to market participants to book
regasification capacity at a planned land-based hub.
    This could materialise in 2026, and be ready to accommodate
ammonia later on.  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 .
    EnBW  EBKG.DE  has committed itself as a buyer.
 urn:newsml:reuters.com:*:nL3N2W92D1]
    Applications for the terminal and port have been submitted.
A final investment decision is expected next year.
    
    LUBMIN
    The economy ministry said the operators of the fourth
state-leased FSRU expect to be ready for operation at the end of
2023 at the earliest.
    A fifth FSRU might be taken into service even earlier by a
private consortium, it said.

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Vera Eckert; Editing by Ed Osmond, Bradley
Perrett and Jan Harvey)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654;
@EckertVera;))