Construction starts on Germany's Stade LNG terminal
Hanseatic Energy Hub announced September 26 the start of construction of Germany's Stade LNG import terminal, with development of the LNG jetty starting ahead of schedule.
Stade LNG is one of five floating LNG facilities in Germany's energy security pipeline. This is the second construction start in recent days on Germany's fleet of floating storage and regasification units (FSRU), following that of Deutsche ReGas's 4.5bn m3/yr terminal in Lubmin port on September 22.
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Germany's federal government and the state administration for Saxony have each pledged €100mn to finance Stade LNG's development. The project can now begin following an expedited approval process by lower Saxony's state water management agency, along with Germany's Coastal Protection and Nature Conversation board.
Stade LNG is anticipated to start delivering regasified LNG by the end of 2023. From 2026, the facility will be repurposed as an onshore LNG landing port operated by Hanseatic Energy Hub. Hanseatic Energy Hub has already held a binding open season tender for loading slots through Stade LNG.
Johann Killinger, managing director and co-shareholder of Hanseatic Energy Hub, said: "The construction of the energy port creates an important infrastructure for today and tomorrow.
"With the FSRU, we can make an important contribution to security of supply in Stade in the short term. With the onshore terminal, we are building a future-flexible bridge for the transition from gas to hydrogen-based energy sources."