Hanseatic extends non-binding open season for Stade LNG capacity

Hanseatic Energy Hub has extended the non-binding phase of an open season to test market interest in its Stade LNG import terminal in the northern German town.

To remind, the Stade LNG terminal developer launched the open season back in December saying then the non-binding phase would run until February 1, 2021.

However, in the meantime, the firm says it has been talking to “lots of market players” and in response to requests, it has extended the non-binding phase to February 15.

Besides the open season, Hanseatic revealed in December that Swiss-based private equity firm Partners Group has taken a shareholding in the German company on behalf of its clients.

Partners Group will support Hanseatic towards the construction and operation of its LNG terminal in the vicinity of the Port of Hamburg, the firm said.

Hanseatic did not disclose further information regarding the transaction.

Located on the Elbe river within the Dow industrial park, the terminal will have a 12 Bcm/year capacity, making it the largest planned LNG terminal in northern Germany.

Besides offering send-out to the German gas grid and for local consumption, the facility will also enable reloading to LNG tankers, river barges for bunkering, trucks and on-site rail. Plans also include hydrogen and bio-LNG.

Hanseatic says its team includes LNG infrastructure, energy, port specialists, and external experts.

The partners aim to start construction of the facility in 2022 and launch it in 2026.

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