Stade LNG Binding Phase Pushed to September

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A binding open season for the Stade LNG regasification terminal has been pushed to the third quarter of this year. The firm had originally planned to launch the binding phase for the planned 8.6 million ton/yr terminal in the second quarter of this year. Hanseatic Energy Hub's (HEH) proposed facility on the Elbe River west of Hamburg is one of several LNG import facilities planned for Germany. The import facilities are expected to help as the country wrestles with Russian gas dependence and green energy transition questions (LNGI Apr.1'21). The company, which ran a nonbinding phase of its open season from Dec. 9, 2020 to Feb. 15, 2021, will now launch a binding phase in the second half of September (LNGI Feb.23'21). HEH said it plans to start commercial operations at Stade LNG in 2026. HEH Commercial Director Danielle Stoves told Energy Intelligence the company was "extending the timeline" to allow the firm "longer to work together with all interested parties to fine-tune the products and finalize the contract." "We are also working closely with [partner] Fluxys during this stage to ensure that we leverage their expertise and experience," the executive said, adding that interest in the terminal "continues to grow" and that the company is "still happy to hear from new parties" (LNGI Mar.3'21). Stade LNG will be a net-zero plant, using waste heat to regasify LNG, among other aspects of a net-zero emissions design (LNGI Apr.1'21).

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