German LNG terminal company with Brunsbüttel project changes leadership and stays optimistic
Germany’s main onshore liquefied natural gas import terminal project being develop at Brunsbüttel on the Elbe River south of Hamburg has changed leadership as the joint venture progresses and executives express confidence on completing the nation's first LNG facility.
German major Wintershall Dea expresses confidence in Russian pipeline gas in absence of LNG supplies
German oil and gas major Wintershall Dea has expressed confidence various projects bringing pipeline natural gas supplies from Russia and Norway in the face of no competition as yet in the largest European Union economy from LNG shipments.
German utility RWE expects investment decision in 2020 for onshore LNG import terminal on Elbe River
German LNG Terminal, the Dutch-led joint venture developing a planned liquefied natural gas import terminal at Brunsbuettel on the Elbe River near Hamburg, expects to make an investment decision soon after binding import contracts have been finalised at the end of 2020.
RWE, Germany’s largest utility and power producer and whose headquarters are in the city of Essen, confirmed that it had secured potentially 5 billion cubic metres of import capacity at Brunsbuettel as it also seeks a wider role for the facility.
“Currently the parties are in the final phase of negotiating fully binding legal contracts for LNG imports,” said RWE and German LNG Terminal in a joint statement.
“RWE and German LNG expect this process to be finalised by the end of 2020, putting German LNG in a position to reach a positive investment decision shortly thereafter,” it added.
German LNG Terminal is a venture comprising Dutch gas network operator Gasunie, German tank storage provider Oiltanking GmbH, and Dutch storage company Royal Vopak.
Gasunie and Vopak were the development companies behind the Dutch Gate LNG terminal at the port of Rotterdam.
RWE added that LNG import terminals like Brunsbuettel could also be combined with entry points for (liquid) hydrogen produced in other regions of the world where wind and solar energy are available at larger scale and lower cost than in Germany.
“Existing gas pipelines connected to the LNG terminal are perfectly fit to distribute hydrogen locally,” said RWE.
Javier Moret, Global Head of LNG at RWE Supply & Trading GmbH, said his company was an advocate of LNG.
“It can provide Germany with clean and affordable energy today and at the same time contribute to reducing emissions in the maritime and road transport sector as an alternative fuel,” added Moret.
“At the same time we want to make sure we are prepared for the next technological advancement. In the future hydrogen will play a key role as a climate-neutral fuel in the energy mix,” he explained.
“We are prepared for this next step with the new agreement. Therefore we are happy to support German LNG Terminal’s initiative in this field,” stated Moret.
Currently the parties are in the final phase of negotiating fully binding legal contracts for LNG imports.
RWE and German LNG expect this process to be finalised by the end of 2020, putting German LNG in a position to reach a positive investment decision shortly thereafter.
Another German utility, Uniper, is backing a second German import project at the deepwater North Sea port of Wilhelmshaven using a floating storage and regasification unit.
Uniper has said it expected that a competitive tender process would be conducted in the months ahead to seek binding accords with potential customers
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Germany's Uniper boosts earnings and gives schedule for Wilhelmshaven LNG terminal
Uniper, the German utility and energy company with an LNG supply agreement with a Canadian project, expects its planned Wilhelmshaven floating import terminal on the North Sea Coast to be online slightly behind the rival Brunsbuettel facility proposed for the Elbe River near the port of Hamburg.
German LNG import project near Hamburg chooses shortlist of engineering contractors
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First German LNG terminal makes commercial and regulatory progress backed by Dutch
German LNG Terminal, the joint venture company developing the European nation’s first regasification facility at Brunsbuettel on the Elbe River near the port of Hamburg said it had reached another long-term commercial capacity agreement.
First German LNG import terminal boosted by RWE Trading taking most of regas capacity
RWE, one of Europe’s leading energy companies and utilities based in the German city of Essen, said it had secured “a considerable part” of the capacity from Germany’s first LNG terminal planned for Brunsbuettel on the Elbe River near the port of Hamburg.
