Brunsbuttel LNG Progress

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German LNG -- the outfit behind the proposed Brunsbuttel LNG terminal in northern Germany -- is getting closer to the finish line. "We are in the process of finalizing contracts," a German LNG spokesperson told Energy Intelligence. The company had previously concluded a number of heads of agreement, upon which it is currently negotiating. German LNG import terminal proposals have seen a lot of activity in the past year as developers seek access to Europe's largest gas market. The 5.5 million ton/yr Brunsbuttel onshore import terminal is being developed by the German LNG joint venture between Gasunie, Vopak and Oiltanking. The Brunsbuttel project, on the north bank of the Elbe River, near the North Sea, is slated to start-up in 2022, although sources believe 2024 would be more realistic. Most of its capacity has been provisionally booked by German utility RWE and Swiss trader Axpo (related). In December, the planned LNG terminal at Brunsbuttel was officially granted exemption from network access and tariff regulation, taking it one step closer to a final investment decision (LNGI Dec.15'20). Earlier this month, Germany's Stade LNG revealed its newest partner to be Belgian gas grid and LNG terminal operator Fluxys (LNGI Mar.3'21). But not all of Germany's LNG proposals have gained momentum (LNGI Nov.6'20).

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Fri, Aug 12, 2022