AB KN Energies is Expanding its Activities in Germany
05.06.2024 By Tank Terminals - NEWS

May 06, 2024 [Storage Terminals Magazine]- International energy terminal operator AB KN Energies is expanding its presence in Germany after winning a tender launched by Deutsche Energy Terminal GmbH, the state-owned operator of Germany’s floating LNG terminals. The contract, signed at the beginning of May, outlines KN’s responsibility to provide technical operation and maintenance services for the LNG terminal Wilhelmshaven 2.

 

According to the agreement, KN will undertake preparatory work for the technical operation of the LNG terminal Wilhelmshaven 2 by establishing an operational company in Germany, assembling a well-trained engineering team, and preparing the terminal’s technical operating documentation. Once the terminal begins commercial operations, KN will be tasked with managing the technical operations and maintenance of the terminal’s infrastructure, including the jetty, equipment, and pipeline. This involves organising the on-site team’s work and coordinating preventive and corrective actions.

The initial agreement covers the preparatory phase until the start of commercial operations, followed by a 5-year operational phase with the option to extend the agreement. This marks KN’s first venture into providing technical operation and maintenance services for an LNG terminal in Germany, with the expected annual turnover of the services estimated to reach up to 5 percent of the company’s annual revenue.

DET, which operates under the German Federal Ministry for Economic Affairs and Climate Action, currently oversees four LNG terminals on the German North Sea coast, including Wilhelmshaven 1, Brunsbüttel, Wilhelmshaven 2, and Stade (under construction). Until 2024, KN provided commercial management services for the first Wilhelmshaven and Brunsbüttel LNG terminals. Following the transfer of their operation to DET and the launch of a new tender for the commercial management of all four LNG terminals, KN assumed the services for commercial management of all four terminals on behalf of DET earlier this year.

 

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