Open season launched for German LNG Terminal
Published by Callum O'Reilly,
Tanks and Terminals,
Gasunie LNG Holding B.V., Oiltanking GmbH and Vopak LNG Holding B.V. have announced that they are in the process of establishing the German LNG Terminal GmbH joint venture (JV).
The JV aims to build, own and operate an LNG import terminal in northern Germany. The terminal will also provide LNG distribution services.
To attract interest from the market and to gain detailed insight in customer demand, an Open Season will be launched, starting on 17 January 2018.
The terminal offers the opportunity to further diversify Germany's sources of gas supply and facilitates access to LNG as an alternative low-emission fuel for ships and trucks.
The German LNG Terminal is currently mooted for Brunsbüttel. The presence of the adjacent port of Hamburg and the industrial companies located in the region represents an attractive business environment. Scandinavian countries and the Baltic States can also be easily reached via the Kiel Canal.
The start of the Open Season marks an important milestone in the development of Germany's first LNG terminal. The aim of the facility is to offer the following services: discharge and loading of LNG ships, storage of LNG, regasification and send out into the natural gas network, and LNG distribution via trucks and barges.
In July 2017, the three companies received EU anti-trust approval to establish a JV. Subject to the outcome of the Open Season, construction is expected to start after final investment decision in 2019. The companies expect the LNG terminal to ready for operations in 4Q22.
Read the article online at: https://www.tanksterminals.com/storage-tanks/17012018/open-season-launched-for-german-lng-terminal/
You might also like
DNV: energy industry boosting investment in cybersecurity
New research by DNV has revealed that the energy industry is boosting its cybersecurity spending, as heightened geopolitical tensions and the accelerating adoption of digitally-connected infrastructure have sparked concerns over the sector’s vulnerabilities.