TotalEnergies announces start-up of the Deutsche Ostsee LNG import terminal

TotalEnergies is contributing a floating storage and regasification unit (FSRU) and supplying LNG to the project.

In December 2022, TotalEnergies delivered the Neptune – one of the company's two FSRUs – to Deutsche Regas. The vessel has an annual regasification capacity of 5 billion m³ of gas, enough to cover approximately 5% of German demand.

Following Deutsche Regas’s open season procedure, in October 2022, TotalEnergies also contracted regasification capacity of 2.6 billion m³/yr of gas and began to deliver LNG from its global integrated portfolio to the Lubmin terminal.

“Europe is facing a historic gas supply crisis caused by the sharp drop in flows from Russia. Since the beginning of this crisis, TotalEnergies has mobilised its LNG portfolio, which is broad and flexible, to send available LNG to Europe and to use its 18 million tpy regasification capacity. Thanks to the start-up of the Lubmin terminal, TotalEnergies will be able to add to this effort and increase its imports to Europe to over 20 million tpy, or about 15% of the continent’s regasification capacity. We are pleased to support this project, which will allow Germany and Europe to further secure gas supply,” said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies.

Read the article online at: https://www.tanksterminals.com/terminals/13012023/totalenergies-announces-start-up-of-the-deutsche-ostsee-lng-import-terminal/