Following a successful non-binding expression of interest process, Hanseatic Energy Hub (HEH) has invited customers to submit binding bids for its planned Stade LNG terminal in Hamburg, Germany.
The open season will last until 29 July 2022, and 12 billion m3 per year is available to book. HEH is accelerating the development of the 13.3 billion m3 per year Stade LNG following the news that Germany would fast-track the development of two LNG terminals in Brunsbüttel and Wilhelmshaven as it seeks to become independent of Russian energy following Russia’s invasion of Ukraine. Stade LNG will be zero-emission and will have a send-out capacity of 21.7 GWh/h, the equivalent of about 15% of Germany’s gas demand.
‘In recent weeks, numerous new LNG supply deals have been signed in the market. With the binding open season, we are offering binding regasification options so that LNG volumes can actually reach the German market,’ says Johann Killinger, managing director and one of the shareholders of the HEH. ‘In Stade, we are ready to strengthen the German energy supply with a future-flexible terminal from 2026 onwards.’
Stade LNG will initially import LNG, bio-LNG and synthetic methane, and hydrogen later. HEH submitted the application documents for the terminal in April 2022. US chemical major Dow bought a share in HEH earlier in April, joining consortium partners Fluxys, Partners Group and Buss Group.