Factbox: German LNG import projects

2 minute read

The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen

Register now for FREE unlimited access to Reuters.com

FRANKFURT, March 23 (Reuters) - The following liquefied natural gas (LNG) terminal projects have picked up speed since Germany declared them vital to the process of ending decades of bilateral energy cooperation with Russia.

The projects had not moved forward because the Nord Stream 2 gas pipeline route from Siberia through the Baltic Sea - now abandoned - would have reduced the need for diversification into costlier and globally sought-after LNG.

Prospective investors in the terminals have said they would develop them into sites that could also accommodate supply chains for zero-carbon fossil gas alternatives such as hydrogen or ammonia in the future. read more

Register now for FREE unlimited access to Reuters.com

LNG terminals cost several hundreds of million euros each.

BRUNSBUETTEL

An LNG facility with capacity of 8 billion cubic metres (bcm) is planned to start in 2026 or earlier on the mouth of the Kiel Canal that connects the Baltic with the North Sea.

German state lender KfW (KFW.UL) has taken a 50% stake in exchange for its financial support, with utility RWE (RWEG.DE) taking 10% and Dutch operator Gasunie holding 40%.

British oil and gas group Shell (SHEL.L) has committed to booking large parts of the terminal. read more

WILHELMSHAVEN

Energy companies Uniper (UN01.DE), Fortum (FORTUM.HE) and Tree Energy Solutions (TES) are pushing the Wilhelmshaven deep-sea port on the North Sea in Germany's state of Lower Saxony as a "hydrogen-ready" location from the start. read more

It could go into operation in winter 2023-2024.

STADE

Project company Hanseatic Energy Hub, backed by Belgian gas transport networks group Fluxys (FLUX.BR), Swiss investment company Partners Group (PGHN.S) and German logistics group Buss, aims to develop a 12 bcm terminal at the inland Elbe river port of Stade in Lower Saxony.

Register now for FREE unlimited access to Reuters.com
Reporting by Vera Eckert, editing by Zuzanna Szymanska and Jane Merriman

Our Standards: The Thomson Reuters Trust Principles.