Stade LNG terminal developer welcomes new partner

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.”

- Advertisements -

Most Popular

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Kinder Morgan secures more time for Gulf LNG export project

US energy company Kinder Morgan and its partners have secured more time from the US FERC to add liquefaction...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

More News Like This

Germany’s HEH takes FID on Stade LNG import terminal

Germany’s Hanseatic Energy Hub has taken a final investment decision to build its Stade LNG import terminal near Hamburg...

DET says FSRU to arrive at Stade LNG jetty on Friday

State-owned DET expects the 174,000-cbm FSRU Energos Force to arrive at the AVG jetty in Germany's Stade on Friday. The...

Germany’s DET postpones capacity auctions for FSRU terminals

German LNG terminal operator Deutsche Energy Terminal has postponed capacity auctions for its upcoming FSRU-based facilities in Stade in...

Germany’s DET nears launch of Stade FSRU terminal

The 174,000-cbm FSRU Energos Force will complete one LNG delivery and a short visit to a yard prior to...