Spain’s Enagas buys stake in Germany’s HEH

Spanish LNG terminal operator Enagas has agreed to buy a 10 percent stake in Germany’s Hanseatic Energy Hub, the developer of the planned Stade LNG import terminal near Hamburg.

Besides the stake sale, HEH has chosen the Spanish transmission system operator as its industrial partner for the operation of the LNG terminal at the Stade industrial park, according to a joint statement.

HEH is a consortium consisting of Fluxys, Dow, Partners Group, and Buss Group.

Belgium’s Fluxys will sell its shares due to a “strategic refocusing”, the statement said.

In April, HEH awarded the engineering, procurement and construction deal for its Stade LNG import terminal near Hamburg to a consortium led by Spain’s Tecnicas Reunidas.

The LNG terminal developer said at the time that the deal remains subject to the firm taking a final investment decision on the project worth about 1 billion euros ($1.07 billion).

HEH said in the new statement that it is targeting FID for the terminal with a regasification capacity of 13.3 Bcm per year in 2023 and to begin operations in 2027.

Energy firm EnBW recently doubled its capacity booking to 6 bcm per year at the planned LNG import terminal.

Besides EnBW, Germany’s SEFE plans to import at least 4 bcm per year via the terminal, starting in 2027.

Prior to the launch of the onshore LNG import terminal, Stade will welcome its first FSRU as part of Germany’s plans to boost energy security and replace natural gas pipeline imports from Russia.

HEH expects the completion of the new LNG jetty in Stade by the end of 2023.

In addition to LNG, HEH is also planning to launch a market test for ammonia imports.

Most Popular

LNG Canada to send third cargo

Shell-led LNG Canada is expected to soon ship the third cargo of liquefied natural gas from the Kitimat facility, according to shipping data.

Hyundai LNG Shipping sells another carrier for scrap

South Korea's Hyundai LNG Shipping has sold another steam liquefied natural gas (LNG) carrier for scrap, according to brokers.

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

More News Like This

Spanish LNG imports continue to increase

Spanish liquefied natural gas (LNG) imports continued to rise in June, with Algeria and the US supplying the majority of the volumes.

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.

Spanish LNG imports up in May

Spanish liquefied natural gas (LNG) imports continued to rise in May, with the US supplying most of the volumes.

Spanish LNG imports continue to rise

Spanish liquefied natural gas (LNG) imports jumped in April, with the US supplying most of the volumes.