KN Become Commercial Manager of Four German LNG Terminals
01.12.2024 By Tank Terminals - NEWS

January 12, 2024 [LNG Industry]- International energy terminal operator, KN Energies AB, has secured the public tender for the commercial management of four German LNG terminals on the North Sea coast. The company has signed a contract with Deutsche Energy Terminal GmbH (DET), the German state-owned company that operates state-controlled LNG terminals.

 

On behalf of the German Federal Ministry for Economics Affairs and Climate Action, the DET operates Germany’s first LNG terminals on the North Sea coast, the Wilhelmshaven 1 LNG terminal and the Brunsbüttel LNG terminal. Additionally, DET will operate two upcoming terminals: the second LNG terminal in Wilhelmshaven and the LNG terminal in Stade on the Lower Elbe River.

The two-year contract between KN and DET covers the commercial management of all four LNG terminals. Until now, KN already provided these services for the 1 Wilhelmshaven and Brunsbüttel LNG terminals, but after DET took over the management of these facilities, a new tender was launched for the consolidated commercial management of four LNG terminals.

In recent years, Germany is rapidly embarking on the development of the construction of floating LNG terminals in order to provide new sources of supply for LNG following the failure of gas supplies via pipelines from Russia. The German Government is using the state-owned LNG terminals to secure reliable energy sup-plies to the federal market. Germany is expected to have a total of five FSRU-based LNG import terminals within this year, four of which will be operated by DET.

According to the contract signed by KN and DET, commercial management services for the four LNG terminals will include managing commercial and logistics operations, gas dispatching processes, accounting and reporting of the commercial activities to the DET, development and provision of IT systems and tools, and other terminal operational services adapted to the customer’s needs.

The contract also includes a commitment to capacity building and knowledge transfer of KN expertise to DET staff. During the term of the contract, the objective is to train the local team to be able to ensure the commercial operation of the terminals themselves.

Darius Šilenskis, CEO of KN, is confident that the success in securing the tender can be attributed to the experience already gained by KN in the German market.

“By providing commercial management services to two German LNG terminals, we have had the opportunity to demonstrate unique competences, expertise, professionalism, and the ability to meet customers’ expectations in a qualitative and prompt manner,” Šilenskis stated.

KN CEO emphasises that assuming a more significant role in the German LNG terminal projects will enhance KN’s position in the European LNG terminal market. The company consistently adheres to its strategic direction of being the first choice for customers involved in the development of LNG terminals worldwide.

Dr Peter Röttgen, Managing Director, added: “After our initial positive experience of working together with KN at our sites in Brunsbüttel and Wilhelmshaven, we are now looking forward to continuing this fruitful and professional collaboration for all DET sites.”

 

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