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.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

DET says Stade FSRU to be deployed in Jordan

State-owned German LNG terminal operator DET has sub-chartered the 2021-built 174,000-cbm FSRU, Energos Force, for deployment in Jordan, as it works on the next steps for the delayed Stade LNG import facility in Germany.

Germany’s HEH names new CEO

Germany’s Hanseatic Energy Hub, the developer of the Stade LNG import terminal near Hamburg, has appointed Arjen Schampers as its chief executive officer.

DET terminates Stade FSRU contract with HEH

State-owned German LNG terminal operator DET has terminated the contract related to the Stade FSRU-based facility with compatriot Hanseatic Energy Hub, the developer of the onshore LNG terminal in Stade.

Germany’s HEH appoints finance chief

Germany’s Hanseatic Energy Hub, the developer of the Stade LNG import terminal near Hamburg, has appointed Axel Zwanzig as...