Germany’s Hanseatic plans to import Canadian LNG

Germany’s Hanseatic Energy Hub, the developer of the Stade LNG import terminal near Hamburg, is looking to import liquefied natural gas from GNL Quebec’s planned facility in Canada.

GNL Quebec, which is developing an 11 mtpa LNG export plant in the Port of Saguenay, said in a statement it has signed a strategic partnership with Hanseatic’s shareholders.

Moreover, the partners plan to develop a low-carbon LNG supply chain from Canada to Germany, according to the joint statement.

Current partners of the Hanseatic Energy Hub include Germany’s Buss Group, Switzerland’s Partners Group, and Belgium’s Fluxys.

The firms agreed on developing joint standards and processes for LNG supplies from GNL Quebec’s Energie Saguenay export terminal in Quebec into Hanseatic Energy Hub’s regasification terminal in Stade,” the statement said.

The strategic aim is to meet the growing demand for gas imports in Germany as a consequence of the coal phase-out and the declining indigenous production as well as the increasing focus on the reduction of carbon footprint of the supply chains, they said.

As part of the deal, the partners said they would jointly explore regulatory and technological
solutions throughout the supply chain to monitor and reduce the greenhouse gases associated with each cargo, including molecule tracing using blockchain technology.

LNG supplies could start in 2026

Tony Le Verger, president of GNL Quebec said that, with this announcement, the Energie Saguenay project has reached a “new important milestone in its development.”

Manfred Schubert, managing director of Hanseatic Energy Hub said the partnership would lay the foundation to provide low-carbon LNG from Canada for the German industry.

“We are confident that this agreement supports the German-Canadian energy partnership concluded by our governments in March,” he said.

Schubert added that the company’s “long-term vision is to develop the Hanseatic Energy Hub into an import terminal that will supply carbon-neutral fuels, such as hydrogen, to our industry.”

Located on the Elbe river within the Dow industrial park, the Stade terminal will have a 12 Bcm/year capacity.

Besides offering send-out to the German gas grid and for local consumption, the facility will also enable reloading to LNG tankers, river barges for bunkering, trucks and on-site rail.

Hanseatic said it plans to launch the facility in 2026, the same year when GNL Quebec targets the official launch of the Energie Saguenay LNG export terminal.

- Advertisements -
spot_img

Most Popular

Report: NYK to order 12 LNG-powered car carriers

Japan’s shipping giant NYK reportedly plans to order twelve LNG-powered car carriers at two compatriot yards. NYK would invest over...

Denmark’s Celsius welcomes new LNG carrier

South Korea’s Samsung Heavy has delivered the third out of four LNG tankers the yard is building for Denmark’s...

Wallenius SOL’s LNG-powered duo nearing launch in China

Chinese yard CIMC Raffles in Yantai is moving forward with the construction of two LNG-powered RoRo vessels for Sweden’s...

More News Like This

Germany’s Hanseatic joins forces with Fluxys to develop Stade LNG terminal

Belgium's Fluxys said Wednesday it joined Germany’s Hanseatic Energy Hub as an industrial partner to help develop the planned...

Hanseatic says firms interested to book full Stade LNG capacity

Germany's Hanseatic Energy Hub says market players showed interest to book the full capacity at its planned Stade LNG...

Hanseatic extends non-binding open season for Stade LNG capacity

Hanseatic Energy Hub has extended the non-binding phase of an open season to test market interest in its Stade...

Germany adds one year for LNG fuel grants

The German government continues to back LNG as a maritime fuel and has extended its funding program for equipping...