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German state-owned company formed to run floating LNG terminals

January 18, 2023


Abstract : The German federal government has launched an operating company for the new liquefied natural gas (LNG) terminals in the north of the country.

The German federal government has launched an operating company for the new liquefied natural gas (LNG) terminals in the north of the country.

The fully state-owned Deutsche Energy Terminal GmbH (DET) will "operate the five state-leased floating LNG terminals (FSRU) at the Wilhelmshaven, Brunsbüttel, Stade and Lubmin sites," the Economy Ministry announced.

The company holds the charter contracts for the ships and is responsible for the technical and commercial operation of the terminals. For this purpose, it will work together with experienced service providers.

LNG is delivered by ship from several regions of the world, converted back into gas and fed into the gas grid in Germany.

Germany is relying on LNG, among other things, to replace Russian gas supplies and is rapidly building its own infrastructure for this purpose.

In Lubmin on the Baltic Sea in the north-east of Germany, a private facility for LNG officially went into operation on Saturday as the Germany's second LNG terminal, after the first terminal operated by the federal government in Wilhelmshaven on the North Sea coast of the state of Lower Saxony.

A state-run terminal is also planned in Lubmin, as well as in Stade and Brunsbüttel, both near Hamburg. A second facility is to follow in Wilhelmshaven.

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Keyword: LNG terminals

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