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 Stade LNG import terminal near Hamburg.

The duo said in a joint statement they expect closing of the deal upon completion of the default merger clearance procedure with the competent authorities.

Moreover, the entry of Fluxys into the LNG import project complements the recent investment into Hanseatic by Swiss-based private equity firm Partners Group.

“The project is an opportunity for Fluxys to deliver on its growth ambition in Europe by strengthening and diversifying its infrastructure presence in Germany,” the statement said.

The LNG terminal could support Germany in its phase-out of nuclear, coal but also lignite-fired electricity generation by diversifying the country’s natural gas supply routes in a context of increasing import needs, it said.

“We have been on the lookout for a world-class industrial partner to join the development and operate the terminal on a long-term basis, and we found that in Fluxys,” Manfred Schubert, Hanseatic managing director, said.

Fluxys brings 30 years of expertise in LNG terminal operations to Hanseatic, including its Zeebrugge facility in Belgium.

“The Stade LNG terminal is set to be a key enabler of Germany’s energy transition by creating an additional energy entry gate for LNG and low carbon gases with clean operations integrated in the Stade industrial cluster,” Pascal De Buck, Fluxys CEO, said.

Binding phase for capacity booking expected in the second quarter

In addition, the new move follows a recent announcement by Hanseatic saying market players showed interest to book the full capacity at its Stade LNG terminal after it completed the non-binding phase of an open season.

The German firm plans to launch the binding phase of the open season in the second quarter of this year.

Located on the Elbe river within the Dow industrial park, the terminal will have a 12 Bcm/year capacity, making it the largest planned LNG terminal in northern Germany.

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. Plans also include hydrogen and bio-LNG.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

CMA CGM’s LNG-powered giant floated out in China

China’s Hudong-Zhonghua has launched the third in a new series of 24,000-teu LNG dual-fuel containerships for French shipping giant CMA CGM.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

Stade FSRU arrives in Jordan

The 174,000-cbm FSRU Energos Force has arrived in the Jordanian port of Aqaba, according to Egypt's Ministry of Petroleum and Mineral Resources. State-owned German LNG terminal operator DET sub-chartered this 2021-built FSRU for deployment in Jordan, as it works on the next steps for the delayed Stade LNG import facility in Germany.

Fluxys awards Zeebrugge LNG gig to Sacyr Proyecta

Belgium's Fluxys has awarded a new contract to Spain's Sacyr Proyecta for services at its LNG terminal in Zeebrugge, Belgium.

DET says Stade FSRU to be deployed in Jordan

State-owned German LNG terminal operator DET has sub-chartered the 2021-built 174,000-cbm FSRU, Energos Force, for deployment in Jordan, as it works on the next steps for the delayed Stade LNG import facility in Germany.

Germany’s HEH names new CEO

Germany’s Hanseatic Energy Hub, the developer of the Stade LNG import terminal near Hamburg, has appointed Arjen Schampers as its chief executive officer.