The company has signed a two-year contract with Deutsche Energy Terminal GmbH (DET), the German state-owned company that operates state-controlled LNG terminals.
On behalf of the German Federal Ministry for Economic Affairs and Climate Action, the DET operates Germany's first LNG terminals on the North Sea coast, the Wilhelmshaven 1 LNG Terminal and the Brunsbüttel LNG Terminal. Additionally, DET will operate two upcoming terminals: the second LNG terminal in Wilhelmshaven and the LNG terminal in Stade on the Lower Elbe River.
The projected contract turnover may account for up to 5% of KN annual revenue. The company anticipated that the agreement will play a pivotal role in advancing company’s long-term strategic objectives and fostering growth within the commercial LNG segment.
