German LNG Terminal has signed another long-term commercial capacity agreement with a global LNG player.
The parties agreed on the commitment of a substantial part of the terminal's capacity. German LNG Terminal is the joint venture driving forward Germany's first LNG terminal in Brunsbuettel.
As a result of strong market demand, German LNG Terminal will apply for permits with a total terminal capacity of 8 bcma.
Rolf Brouwer, managing director of German LNG Terminal, says: 'German LNG Terminal is strongly moving forward. This additional commercial agreement demonstrates that the market has confidence in the prospects of LNG in Germany. The added value of the proposed multi-services terminal we offer to the market has been recognised and adoptedby the global LNG community.
'The German federal government has clearly recognised the benefits of LNG and, accordingly, has stipulated in its coalition treaty to develop LNG infrastructure in Germany.'
Preparations for the terminal's permitting approval process are well underway. Obtaining construction approval for the planned LNG terminal is one of the conditions for being able to make the final investment decision in late 2019. Construction work will then start in 2020 with the terminal being fully operational by the end of 2022.
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