Page 7 - EurOil Week 04 2023

EurOil COMMENTARY EurOil

Third Floating LNG Terminal

arrives in Germany as it continues

diversifying energy supply

Germany has mooted LNG imports for years, but after losing its Russian gas, now the need is urgent

GERMANY GERMANY received the Hoegh Gannet floating followed by the opening of another floating LNG
storage and regasification unit (FSRU) on Jan- terminal in Lubmin. Together the three FSRU’s
WHAT: uary 20 at its Brunsbuettel Elbehafen port near bring Germany’s LNG import capacity to 14 bil-
Germany’s third floating Hamburg. It marks the third floating LNG ter- lion cubic metres.
LNG terminal arrives minal to start up in recent weeks as the country
bringing the country’s continues its shift away from Russian gas. Breakneck pace of construction
LNG import capacity to The first LNG cargo is slated to arrive at the The opening of the Hoegh Esperanza termi-
14 bcm. end of January and will be shipped by ADNOC nal marked an important turning point for
from Abu Dhabi’s Island Das with Uniper and Germany as previously the country lacked the
WHY: EnBW along with RWE responsible for filling required infrastructure to turn LNG back into
Floating LNG has been the FSRU with LNG. gaseous form since in the past it had received
prioritised by Berlin as a Following Russia’s invasion of Ukraine, Ger- almost the entirety of its gas supply via pipe-
substitute for Russian gas many has moved at full speed to diversify away lines from Russia and Norway.
because of the speed at from its former top supplier and has identified Equally important though was that it signaled
which floating terminals floating LNG terminals as a key ingredient in a new era for constructing new infrastructure
can be constructed. strengthening its energy security. projects. Utility RWE began working on the
With land-based LNG terminals judged to project with its partners Höegh LNG, Marine
WHAT NEXT: require too much time to build, floating LNG Service, Reganosa, and Brunsbuettel Ports
Three more floating terminals have been prioritised in Berlin’s jour- GmbH in May, with construction works begun
terminals will be built ney to wean itself off Russian gas. in mid-October.
before next winter to In December the country’s first LNG terminal A new warm water pipeline to the Brunsbuet-
give Germany an import opened in the North Sea port of Wilhelmshaven, tel Elbehafen port was quickly laid by Covestro
capacity of 32 bcm from constructed in unprecedented speed to host the Industriepark Brunsbuettel in order to provide
floating LNG. Hoegh Esperanza floating LNG terminal. It was the heat required for the regasification process.

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