This story requires a subscription
This includes a single user license.
On October 9, Deutsche ReGas will market LNG regasification capacity for the last
quarter of 2024 for the “Deutsche Ostsee” terminal, the largest LNG terminal in Germany.
Deutsche ReGas said the nine individual regasification slots will be offered via descending price auctions with a starting price of EUR 0.51/MMBtu.
According to Deutsche ReGas, none of the slots offered have LNG delivery obligations attached to them, while grid entry fees are in addition to the auction price.
The LNG terminal operator said all slots can be transferred to other registered users subject to terms and conditions.
The expected cargo size is 166,000 cbm of LNG with a 9-day flat sendout profile.
Two FSRUs
The LNG terminal consists of two floating storage and regasification units, Energos Power and Neptune.
It has a storage capacity of 310,000 cbm and a nominal sendout of 1,250 mmscf/day.
Also, the terminal is connected to the German gas pipeline OAL via the gas entry point Baltic Energy Gate.
Last month, the German firm launched commercial operations at its Murkan LNG terminal, which can handle up to 13.5 cbm per year.
This came after the unloading of a US LNG cargo at the Mukran facility.
The 2021-built 174,000-cbm LNG carrier, Hellas Diana, owned by Latsco and chartered by Trafigura, delivered the LNG cargo from the Freeport LNG terminal in Texas.
Deutsche ReGas claims this marked a world first for a concurrent LNG delivery into the two interconnected FSRUs, so-called triple banking.
In addition, Deutsche ReGas recently completed the first reloading operation at its FSRU-based LNG terminal.
Coral Energy, a small-scale LNG carrier built in 2013, reloaded the LNG cargo.
Deutsche Regas noted reloading involves using smaller LNG tankers to deliver LNG to locations in the region that do not have a connection to the pipeline system.
This can ensure security of supply for northern European regions that receive gas via smaller regional regasification plants, it said.
Worth mentioning here, France’s TotalEnergies and Switzerland-based MET previously booked capacity at the Deutsche ReGas-operated Lubmin FSRU terminal.
The FSRU Neptune now serves the Mukran facility.
MET booked 1 bcm per year and TotalEnergies took 2.6 bcm per year of the regasification capacity for a total of 3.6 bcm.