Hanseatic Energy Hub (HEH) in Stade Starts Expression of Interest for LNG Capacity Bookings

Source: www.gulfoilandgas.com 3/21/2022, Location: Europe

Germany is planning to greatly diversify its energy imports in view of the dramatically changed supply situation. LNG is to play a central role here. Against this background, HEH plans to quickly develop the LNG terminal in Stade, both in terms of approval and commercially, in order to make the necessary energy import infrastructure available as quickly as possible. In order to further accelerate the implementation of the terminal, HEH is conducting an expression of interest process from March 21 to April 8, 2022. International market participants are invited to express their interest in booking long-term capacities in Stade from 2026. Registration takes place at sales@hanseatic-energy-hub.de .

Parallel to the commercial development, HEH is resolutely pushing ahead with the approval. The application documents for the terminal and port should be submitted before Easter. With the planned regasification capacity of 12 billion m3/a, the LNG terminal in Stade can cover around ten percent of Germany's gas requirements from 2026. The hub is initially designed for LNG and low-carbon fuels such as bio-LNG and synthetic methane. With the growing global supply, it will later also be available for the import of climate-neutral energy sources such as ammonia. The onward transport of liquefied gases and LNG is secured in several respects: Overall, the location in the existing Stade industrial park is strategically located near the transmission network. For small-scale LNG, it has good accessibility by rail, road and water. For this reason, the concept also includes a truck loading facility and a dock for LNG tankers.

“There is great interest in the future LNG market in Germany. With the expression of interest procedure starting today, we are creating the conditions for a Binding Open Season to be carried out quickly," explains Dr. Johann Killinger, managing partner of the Hanseatic Energy Hub. "We have done our homework and we are ready with strong partners to make our contribution to the diversification of German energy imports." The group of shareholders consists of Fluxys, the leading operator of LNG terminals in Europe, Partners Group, a leading global manager of private market facilities in the Acting on behalf of its customers, as well as the Buss Group, a North German company involved in ports, global shipping and wind energy.


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