LNG

Germany’s first floating storage and regasification unit (FSRU), the “Neptune”, has entered Mukran Port on the Baltic Sea island of Rügen to eventually supply LNG via the privately-held Lubmin project being developed by Deutsche ReGas GmbH.

The German Federal Network Agency, the Bundesnetzagentur (BNetzA), has exempted Deutsche ReGas GmbH and its LNG import terminal project, Deutsche Ostsee, at the Baltic port of Lubmin from tariff and network access regulations.

Deutsche ReGas, a private company that has raised financing from Australian investment bank Macquarie Capital, is run by two businessmen from Potsdam near Berlin and said it aimed to import LNG in the next few months at the Baltic port of Lubmin.