Hanseatic Energy Hub has welcomed a new partner as it looks to develop its planned Stade LNG import terminal in the northern German town.
Swiss-based private equity firm Partners Group has taken a shareholding in the German company on behalf of its clients, Hanseatic said in a statement.
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. This will make it the largest of the three planned LNG terminals 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.
Earlier this month, Hanseatic launched a non-binding phase of an open season to test market interest in the Stade LNG terminal.
Prior to that, global market players have already shown interest in the German LNG facility. As a result, Hanseatic signed in September LOIs with nine players interested in taking capacity at the terminal.
Hanseatic commercial and regulatory director Danielle Stoves said that with Partners Group onboard, the firm “can now concentrate further on engaging with the market to develop and sign terminal user agreements.”