Energy storage and distribution companies Oiltanking, Vopak LNG and Gasunie LNG are in the process of establishing a joint venture named German LNG Terminal GmbH and has launched an open season to discuss business opportunities.
The purpose of the joint venture is to build, own and operate Germany’s first liquefied natural gas (LNG) import terminal in Brunsbüttel, northern Germany.
“To attract interest from the market and to gain detailed insight in customer demand, an Open Season will be launched. The Open Season starts on January 17, 2018,” says the Port of Hamburg.
“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.”
Having the proposed LNG import terminal located at Brunsbüttel, an area adjacent to the port of Hamburg, represents an “attractive business environment” as Scandinavian countries and Baltic States can be reached via the Kiel Canal.
“The start of the Open Season marks an important milestone in the development of Germany’s first LNG terminal,” further notes the port.
“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.”
Oiltanking, Vopak LNG and Gasunie LNG received EU antitrust approval to establish the JV in July 2017. The proposed LNG terminal will be built after the final investment decision in 2019, and scheduled to start operations by Q4 2022.
Photo credit: Port of Hamburg / Brunsbuttel Ports GmbH
Published: 18 January, 2018
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