Page 10 - GLNG Week 39 2021
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GLNG EUROPE GLNG
Fluxys, Novatek axe Rostock LNG plans
PROJECTS & RUSSIA’S Novatek and Belgium’s Fluxys have Germany’s first LNG regasification terminal said
COMPANIES dropped plans to build a mid-sized LNG ter- in early June they were “extremely confident”
minal in Rostock, north Germany, the Interfax that they would “soon” finalise deals with cus-
news agency reported on September 27 citing tomers and contractors ahead of taking a final
sources. investment decision (FID). German LNG Ter-
Novatek and Fluxys formed a 49:51 joint ven- minal (GLT), a joint venture between Dutch gas
ture in October 2018 to develop the project, and transmission system operator (TSO) Gasunie,
they leased some land at Rostock for the facility. Dutch chemical storage firm Vopak and German
The terminal, with a planned capacity of 300,000 logistics company Oiltanking, plan to build a ter-
tonnes per year (tpy), was expected up and run- minal in Brunsbuettel capable of bringing ashore The project’s
ning by 2022. 8bn cubic metres per year of gas. In a statement
Confirming the project’s cancellation, a on June 4, GLT said the project had obtained an cancellation
spokesperson for Fluxys said there were already exemption on tariff and network access regula-
terminals offering small-scale LNG services in tions from the European Commission. also comes as
the area, including at Zeebrugge in Belgium and Meanwhile Fluxys signed up in March to be
Dunkirk in France. an “industrial partner” at another LNG import other proposed
“Despite the constructive support of all project in Stade in Germany. LNG projects
stakeholders in the project, the current market Stade LNG is the biggest of several LNG
conditions have proven too difficult to imple- import schemes in Germany, which already has in Germany are
ment the project,” Fluxys told the Russian news access to a diversified mix of gas supplies but is
agency. looking to strengthen its position as a hub for making progress.
The Rostok terminal was due to receive car- central Europe. The terminal is anticipated to
goes from the mid-scale Cryogas-Vysotsk plant receive up to 12 bcm per year of gas beginning
in north-west Russia, which is majority-owned in 2026.
by Novatek. The decision to axe the project casts While project developer Hanseatic Energy is
into doubt plans to expand the Cryogas-Vysotsk yet to take an FID on the scheme, the non-bind-
facility’s capacity, from 600,000 tpy to 800,000 ing phase of an open season for the terminal’s
tpy. capacity that was finished in mid-February
The project’s cancellation also comes as other confirmed sufficient market interest, Hanse-
proposed LNG projects in Germany are making atic has said. The binding phase was due to take
progress. place during the summer but was delayed until
The developers behind what could be late September.
P10 www. NEWSBASE .com Week 39 01•October•2021
