Energy group goes into liquid gas

EnBW

EnBW wants to obtain the liquid gas via an LNG terminal in Stade.

(Photo: dpa)

Berlin The switch from Russian pipeline gas to liquid gas from other countries is picking up speed. The Baden-Württemberg energy group EnBW wants to purchase three billion cubic meters of liquefied gas in the future – via the terminal planned in Stade for the regasification of liquefied natural gas (LNG).

EnBW has signed a letter of intent with the Hanseatic Energy Hub, the company said on Thursday. The Handelsblatt had previously reported on it. In addition, talks are being held about further cooperation with the LNG terminal in Stade.

In addition to the Hamburg port and shipping logistics company Buss Group, the Belgian pipeline and liquid gas terminal operator Fluxys and the Swiss private equity capital market expert Partners Group have been involved in the consortium for the LNG terminal construction. Annually, 13.3 billion cubic meters of gas in the form of LNG are to be landed in Stade. This corresponds to about ten percent of German gas consumption.

The managing partner of the Buss Group, Johann Killinger, was in Qatar at the weekend to talk about possible LNG deliveries from the world’s largest liquid gas exporter.

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The city of Stade has already given the go-ahead for the construction of the terminal on the premises of the chemical company Dow. In addition to Stade, liquid gas terminals in Wilhelmshaven and Brunsbüttel are also planned by other consortia.

EnBW has so far been one of the largest importers of Russian natural gas via pipelines via its East German subsidiary VNG. “Before Easter we will submit the approval documents to the authorities,” Killinger told the Handelsblatt.

More: Stade scores points in the race for a liquid gas terminal

Handelsblatt energy briefing

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