January 17, 2018 [Oiltanking] – Gasunie LNG Holding B.V., Oiltanking GmbH and Vopak LNG Holding B.V. are in the process of establishing the joint venture “German LNG Terminal GmbH”.
The purpose of the joint venture is to build, own and operate an LNG (Liquefied Natural Gas) import terminal in northern Germany.
The terminal will also provide LNG distribution services. 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.
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.
The development of German LNG Terminal is currently focusing on the location Brunsbüttel. The presence of the adjacent port of Hamburg and the industrial companies located in the region represents an attractive business environment. Via the Kiel Canal, in the direct proximity of the intended terminal, the Scandinavian countries and the Baltic States can easily be reached.
The start of the Open Season marks an important milestone in the development of Germany’s first LNG terminal. 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.
In July 2017, the three companies received EU antitrust approval to establish a joint venture. Subject to, among others, the outcome of the Open Season start of construction of Germany’s first LNG terminal is envisaged after the final investment decision in 2019, to be ready for operations in Q4 2022.
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