Germany’s EnBW books long-term capacity at HEH’s Stade LNG terminal

German energy firm EnBW has booked long-term capacity at Hanseatic Energy Hub’s planned Stade LNG import terminal in Germany.

Earlier this year, EnBW and HEH signed a memorandum of understanding on capacity booking.

Now the two firms finalized the deal and EnBW would import three billion cubic meters of LNG per year via the terminal in Stade beginning with commissioning in 2026, according to a joint statement on Thursday.

“The capacities were booked bindingly in the past few days as part of a sales process and will make a significant contribution to Germany’s security of supply with affordable energy,” they said.

In addition, EnBW would have the option to move to ammonia as a hydrogen-based energy source at a later date.

This possibility is open to all HEH customers with a long-term contract of more than 10 years, the statement said.

HEH’s LNG import facility will have a capacity of 13.3 billion cubic meters.

In June, the consortium consisting of Fluxys, Dow, Partners Group, and Buss Group, launched a binding open season for the facility.

Prior to the onshore facility, Stade will host one of the five FSRUs chartered by the German federal government.

In September, HEH said that it expected construction work to start soon on a jetty that would accommodate one of these FSRUs in 2023.

Germany currently does not have LNG import terminals but the 170,000-cbm FSRU Hoegh Esperanza is heading towards the country to start serving the Uniper-led Wilhelmshaven facility.

US LNG supplies

In October, US LNG exporter Venture Global LNG signed a deal to provide more liquefied natural gas to EnBW, increasing the previously agreed volumes.

Under the deal, EnBW increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 mtpa from Plaquemines and CP2 LNG.

Prior to that, the two firms signed two 20-year sales and purchase agreements under which Venture Global agree to supply about 1.5 million tonnes per annum from its Plaquemines and CP2 facilities, starting in 2026.

Most Popular

Egypt plans to charter FSRU from Germany

Egypt plans to sub-charter the 174,000-cbm FSRU Energos Power, which previously worked at the Mukran LNG terminal, from the German government.

Cheniere gets FERC OK for two more Corpus Christi LNG trains

US LNG exporting giant Cheniere has received approval from the US FERC to build two more midscale trains at its Corpus Christi LNG plant in Texas.

EIA boosts Henry Hub price forecast

The US Energy Information Administration expects the Henry Hub spot price to average $4.20/MMBtu in 2025 due to lower natural gas inventories and higher LNG exports, according to its latest short-term energy outlook.

More News Like This

Egypt plans to charter FSRU from Germany

Egypt plans to sub-charter the 174,000-cbm FSRU Energos Power, which previously worked at the Mukran LNG terminal, from the German government.

DET expects Excelerate’s FSRU to arrive in Wilhelmshaven in Q1

Excelerate’s 138,000-cbm FSRU Excelsior is expected to arrive in Wilhelmshaven by the end of March, according to state-owned German LNG terminal operator DET.

DET rejects Deutsche ReGas claims

State-owned German LNG terminal operator DET on Tuesday rejected a claim by Deutsche ReGas, the operator of the Mukran LNG terminal, that it has been marketing its regasification capacities at prices “significantly below” the cost-covering fees.

Deutsche ReGas terminates FSRU charter deal

German LNG terminal operator Deutsche ReGas has terminated the charter contract for the 174,000-cbm FSRU Energos Power with the German government.