Page 10 - EurOil Week 12 2022

EurOil PIPELINES & TRANSPORT EurOil

HEH invites expressions of interest

for German LNG terminal

GERMANY HANSEATIC Energy Hub (HEH) is pushing as much as 10% of German gas demand. It can
ahead with its planned Stade LNG import ter- also receive low-carbon fuels such as bio- and
Market participants minal in north Germany, inviting market par- synthetic LNG, the company said, and at a later
have between March ticipants on March 21 to submit expressions of stage climate-neutral ammonia, which can
21 and April 8 to interest (EoIs) in its capacity. serve as a carrier for hydrogen energy, which
express their interest. HEH held a non-binding phase for the 12bn is set to play a major role in Germany’s decar-
cubic metre per year terminal’s capacity early last bonisation plans.
year, and said the result showed there was jus- “The interest in the future German LNG
tification for the project. But the developer has market is increasingly strong,” HEH managing
held off on undertaking a binding phase because partner Johann Killinger commented. “With the
of unstable market conditions over the last year. expression of interest process starting today, we
HEH’s decision to hold the phase now comes are creating the foundation to quickly carry out
after Germany’s government announced late the binding open seas process. We have done our
last month that it would support the develop- homework, and with our strong partners we are
ment of LNG terminals as a means of weaning ready to make our contribution to the diversifi-
the country off Russian gas. The government has cation of German energy imports.”
also halted the certification process for the Nord HEH is joined at the project by Belgian gas
Stream 2 pipeline, meaning the long-delayed infrastructure operator Fluxys and Partners
Russian project’s fate is now up in the air. Group, a global private markets firm with $127bn
Market participants can express their interest of assets under management. Another company
in Stade LNG’s capacity between March 21 and involved is Hamburg-based Buss Group, which
April 8, HEH said. The permitting process for the operates in the port, global shipping and wind
project is ongoing, with permit documents for energy sectors.
the terminal and port due to be submitted before HEH’s announcement comes after Germa-
Easter, the company said. ny’s state-owned investment group KfW signed
Stade LNG is one of three planned LNG ter- a memorandum on March 4 with Dutch gas grid
minals in Germany. The government explicitly operator Gasunie and German energy group
referred to the other two terminals due to be RWE on the development of the Brunsbuet-
built in Brunsbuettel and Wilhelmshaven when tel facility. Germany is also understood to be
it announced its support for LNG last month, but arranging a long-term LNG supply deal with
did not mention Stade LNG. Qatar to displace the gas it currently gets from
HEH estimates that Stade LNG could cover Russia. ™

P10 www. NEWSBASE .com Week 12 24•March•2022