Page 8 - GLNG Week 12 2022

GLNG EUROPE GLNG

HEH invites expressions of interest

for German LNG terminal

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

P8 www. NEWSBASE .com Week 12 25•March•2022