German FSRU terminal operator allocates 2025 regas slots

In December last year, DET allocated six regasification slots for the first quarter of 2025 at its FSRU-based terminals in Brunsbüttel and Wilhelmshaven 1.

Last month, DET announced new auctions offering in total 44 OTD (obligation to deliver) and NOTD (no obligation to deliver) slots.

DET offered 17 Wilhelmshaven 1 slots (6 OTD and 11 NOTD) and 27 Brunsbüttel slots (3 OTD and 24 NOTD).

According to a statement by DET on Friday, all of the offered regasification slots for the Brunsbüttel and Wilhelmshaven 1 terminals were marketed in two marketing rounds.

“On a total of four marketing days, on December 23, 2024 and between February 4 and 6, 2025, a total of 17 market participants were able to acquire time slots for the use of regasification capacities (short-term capacities) at the Brunsbüttel and Wilhelmshaven 1 sites in 2025,” the company said.

DET did not provide further details regarding the companies.

The average price achieved in the December auction was EUR 0.11/MMBtu, while the average price in the February auction was EUR 0.30/MMBtu, DET said.

‘We are pleased that we were able to complete the current marketing round successfully under tight time constraints,” Peter Röttgen, managing director of DET said.

“Our offer was well received by the traders and all the slots we offered were marketed. At the same time, we are looking ahead as the currently declining storage levels must be replenished in good time during the year,” Röttgen said.

Two more terminals

Last month, Germany’s EnBW received the first commissioning cargo from Venture Global LNG’s Plaquemines plant in Louisiana at DET’s first FSRU-based LNG terminal in Wilhelmshaven.

After that, at least two more Plaquemines LNG cargoes were delivered to DET’s terminals in Wilhelmshaven and Brunsbüttel.

Besides these two facilities, DET is working to launch its next two FSRU-based LNG import terminals in Stade and Wilhelmshaven.

“We anticipate commencing operations at the earliest possible opportunity within the first quarter,” a DET spokesperson recently told LNG Prime.

DET’s third LNG import facility in Stade features the 174,000-cbm FSRU Energos Force.

In March last year, the 2021-built FSRU, owned by Apollo’s Energos Infrastructure, arrived at the AVG jetty in Stade.

Once operational, the almost 300-meter-long ship will feed up to 5 bcm of gas per year into the German gas network.

DET’s second terminal in Wilhelmshaven will have a capacity of about 4 bcm per year.

Excelerate’s 138,000-cbm FSRU Excelsior arrived at the Navantia yard in El Ferrol, Spain last year for a planned stopover before its job in Wilhelmshaven.

According to its AIS data, the FSRU is still located there.