German gas manager Trading Hub Europe GmbH arranges meetings around Germany to explain market changes
Trading Hub Europe GmbH, Germany’s market area manager for the nation’s natural gas system and now including deliveries to four LNG import destinations, has arranged a series of meetings in German and English to engage in discussions with market participants and present forthcoming changes in the German gas market.
Excelerate Energy of US and Brazil’s Petrobras sign charter agreement for an FSRU for next 10 years
Excelerate Energy, the leading US provider of floating storage and regasification units (FSRUs) with increased demand from Europe and South America, has signed a contract to charter an FSRU to Brazil’s state-owned energy company Petróleo Brasileiro (Petrobras) for 10 years.
Deutsche ReGas starts marketing short-term LNG capacities in November for newest German Baltic Sea terminal
Deutsche ReGas GmbH, the German owner of the floating LNG terminal at the Baltic Sea port of Lubmin and with another floating terminal set to start at the nearby port of Mukran, said it would hold an open season in November for short-term capacities.
Excelerate posts profits rise from natural gas sales and LNG FSRUs in Europe and South America
Excelerate Energy, the leading US provider of floating storage and regasification units (FSRUs) with increased demand from Europe and South America, reported higher net income from natural gas sales in Brazil and Finland and German charter income.
Excelerate reports soaring annual revenues from natural gas sales and LNG FSRUs in Europe and South America
Excelerate Energy, the leading US provider of floating LNG import terminals with increased demand from Europe, reported soaring revenues linked to operations in Finland and South America and with an imminent project start in Germany.
European Union moves ahead with joint purchases plan for pipeline gas and LNG for five EU regions
The European Union is moving forward with its plan to seek pooled natural gas purchases under a programme called AggregateEU and set to be launched in June with the aim of reducing prices and increasing efficiency in fully replacing Russian pipeline gas supplies to Germany and the EU.
Floating LNG terminals provider Excelerate Energy extends credit and loan facilities and to buy vessel
Excelerate Energy, the leading US provider of floating LNG import terminals facing increased global demand in Europe and elsewhere for its services, has extended its credit facilities as activities increase and to finance the purchase of a vessel.
Höegh LNG Holdings anticipates future profits from FSRU surge led by Germans but still posts 2022 losses
Höegh LNG Holdings, the owner of 10 floating storage and regasification units and two conventional LNG carriers, reported net losses for the fourth quarter and the year during a busy period as three vessels were prepared for FSRU operations in Germany and Brazil.
Gasunie studies Eemshaven and Rotterdam LNG expansions but drops Terneuzen port as short-term option
Gasunie, the Dutch utility and LNG import terminal shareholder in the Netherlands and Germany, said it was working on options to increase LNG with further expansion of the existing capacity off the North Sea port at Eemshaven and at the Gate facility in Rotterdam.
Gasunie admitted that a recently announced feasibility study had shown that a new floating LNG terminal in the port of Terneuzen in the Dutch Zeelandic region was not feasible in the short term.
“In this study, Gasunie is working closely with Vopak,” said the utility in reference to the Dutch storage company and its partner in the Rotterdam terminal.
“The aim of realising temporary LNG import capacity in Terneuzen in the short term and for a limited period proved to be technically and commercially unfeasible,” explained Gasunie.
“It is therefore unwise to embark on the construction of a temporary additional terminal,” it added.
“Gasunie thanks its project partners and stakeholders in Zeeland for the good cooperation in the study phase,” stated Groningen-based Gasunie.
Brunsbüttel stake
Gasunie is additionally a shareholder in the proposed German onshore LNG import terminal at Brunsbüttel on the Elbe River.
Its partners in Brunsbüttel are the German utility RWE and the German federal finance agency, Kreditanstalt für Wiederaufbau (KfW).
Gasunie said that the exploration of a new floating LNG terminal in the Netherlands is part of a broader package of proposed measures to increase LNG import capacity.
“This is necessary to cope with the loss of Russian natural gas and reduce scarcity of gas in the European market,” said the company.
Gasunie said it would continue to explore new opportunities for import capacity.
“For example, work is now continuing on initiatives to further expand the existing capacity of the LNG terminals in the Netherlands at Maasvlakte (Gate terminal) and in Eemshaven,” said the company.
“At the Gate terminal, this involves a possible fourth tank with a capacity of 4 billion cubic metres of natural gas and at Eemshaven, a technical optimisation of the existing plant is being investigated,” it added.
“The ambition of EemsEnergy Terminal is to be able to handle 9 billion cubic metres of natural gas before the end of this year and then to grow to 10 Bcm,” stated Gasunie.
Höegh FSRU loans
Feb 10 (LNGJ) - Höegh LNG Holdings has signed a new loan facility agreement with a group of banks to refinance the “Höegh Esperanza” and “Hoegh Gannet” floating storage and regasification (FSRU) units employed on long-term contracts in Germany.
Höegh’s new loan facility agreement is for a total of $685 million and for 10 years and will be used to repay existing loan facilities and for general corporate purposes “We are very pleased to secure an attractive, long-term finance for these two FSRUs with a strong group of international banks,” said Håvard Furu, the Chief Financial Officer of Höegh LNG.
