The developers behind a planned LNG import terminal in the northern German town of Stade are pushing forward with the development following a “significant” market interest in the facility.
Hanseatic Energy Hub said in a statement it signed letter of intents with nine global market players despite the impact of Covid-19 that affected the entire industry.
Futhermore, the firm is now engaging with the wider market in preparation for launching an open season before the end of the year.
Commercial and regulatory director Danielle Stoves said, “this project will offer our customers the opportunity to optimise LNG portfolios through deliveries into Europe whilst choosing a terminal which aims to minimise environmental impact.”
Located on the Elbe river on a brownfield site within the Dow industrial park, the project will have a jetty for vessels up to Q-Max size but also a dedicated jetty for small-scale ships.
This would allow potential customers to take advantage of the proximity to the port of Hamburg for LNG bunkering, the firm says.
Furthermore, the terminal would also feature LNG truck loading and rail loading facilities.
Urban Stojan, partner and project manager, said the company’s name reflects the fact that the terminal offers potential for future energy solutions beyond LNG, including hydrogen.
“The site is also ideally situated next to potential large gas storage (caverns) which allow for future development, increasing the optionality for our customers,” he said.
According to its website, Hanseatic Energy Hub consists of LNG infrastructure, energy, port specialists, and external experts.
These include Dow, Niedersachsen Ports, Lotsenbrüderschaft, Fichtner, Müller-BBM Projektmanagement, and ARSU. Spain’s Reganosa Servicios is the owner’s engineer.
The partners plan to start construction in 2022 and launch the facility in 2026.