Germany’s DET to launch capacity auctions for Stade FSRU

German LNG terminal operator Deutsche Energy Terminal will hold short-term capacity auctions on December 11 and 14 for its planned FSRU-based facility in Stade.

State-owned DET confirmed in a statement that it expects to launch the FSRU-based terminal in the first quarter of 2024.

“Half of the capacity available for 2024 will be auctioned in this auction round,” it said.

“All available slots with a delivery obligation will be offered on December 11. The non-marketed slots will then be offered on December 14 without a delivery obligation,” DET said.

The Stade FSRU-based LNG terminal will have a capacity of some 6 bcm per year.

DET told LNG Prime in October that its expects to commission its FSRU-based facilities in Stade and Wilhelmshaven in the first quarter of 2024.

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, will serve the Stade facility, while Excelerate’s 138,000-cbm FSRU Excelsior will serve the second Wilhelmshaven facility.

Following the launch of these two facilities in Stade and Wilhelmshaven, DET will operate in total four FSRU-based LNG terminals.

In October, the LNG terminal operator allocated 60 regasification slots at the Brunsbüttel and Wilhelmshaven 1 sites.

Germany’s Federal Ministry for Economic Affairs and Climate Action established Düsseldorf-based DET in January to manage FSRU-based LNG import terminals.

The German government, helped by Uniper, RWE, and TES chartered in total five FSRUs from Hoegh, Dynagas, and Excelerate Energy.

Also, the government sub-chartered the FSRU Transgas Power, owned by Dynagas, to private firm Deutsche Regas. This FSRU will serve the planned LNG import terminal in the port of Mukran.

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