Germany seeks to create LNG import terminal

Gasunie LNG Holding BV, Oiltanking GmbH and Vopak LNG Holding BV said that German LNG Terminal GmbH will provide the opportunity to further diversify Germany’s sources of gas supply and provide alternative low-emission fuel for ships and trucks.

It will also provide discharge and loading of LNG ships, storage of LNG, regasification and distribution out into the natural gas network via trucks and barges.

Strategic focus

The development of the German LNG Terminal is currently focusing on the location Brunsbüttel. The presence of the adjacent Port of Hamburg and the industrial companies located in the region represents an attractive business environment for the venture.

Via the Kiel Canal, in the direct proximity of the intended terminal, the Scandinavian countries and the Baltic States can easily be reached.

To attract interest from the market and to gain detailed insight in customer demand, an Open Season is being launched which starts on 17 January 2018.

The start of the Open Season marks an important milestone in the development of Germany’s first LNG terminal which began back in July 2017, when the three companies initially received EU antitrust approval to establish a joint venture.

Subject to, among others, the outcome of the Open Season, start of construction of the LNG terminal is envisaged to begin after the final investment decision in 2019. It should begin operations in the last quarter of 2022.