FRANKFURT, April 12 (Reuters) - The following liquefied
natural gas (LNG) terminal projects have picked up speed since
Germany declared them vital to ending decades of reliance on
Russian energy.
The projects had not moved forward because the Nord Stream 2
gas pipeline from Siberia through the Baltic Sea - now abandoned
- would have reduced the need for diversification into costlier
and globally sought-after LNG.
Prospective investors in the terminals have said they would
develop them into sites that could also accommodate supply
chains for zero-carbon fossil gas alternatives such as hydrogen
or ammonia in the future.
LNG terminals cost several hundred million euros each.
BRUNSBUETTEL
An LNG facility with capacity of 8 billion cubic meters
(bcm) is planned to start in 2026 or earlier on the mouth of the
Kiel Canal that connects the Baltic with the North Sea.
German state lender KfW has taken a 50% stake in
exchange for its financial support, with utility RWE
taking 10% and Dutch operator Gasunie holding 40%.
British oil and gas group Shell has committed to
booking large parts of the terminal.
STADE
Project company Hanseatic Energy Hub (HEH), backed by
Belgian gas transport networks group Fluxys, Swiss
investment company Partners Group and German logistics
group Buss, aims to develop a 12 bcm terminal at the inland Elbe
river port of Stade in Lower Saxony by 2026. A final investment
decision is expected next year.
Chemicals firm Dow, which has the land for its
construction, said on April 11 it will take a minority
stake.
Utility EnBW announced it intends to buy three bcm
of gas a year from the facility.
WILHELMSHAVEN
Tree Energy Solutions (TES) said it will accelerate plans
for a gas import terminal to be built at the Wilhelmshaven
deep-sea port in partnership with E.ON, bringing it
forward to 2025 for LNG use, with capacity to handle zero-carbon
gases from 2027.
Uniper recently said it was looking at the
location again, having scrapped LNG plans there in 2020 amid a
lack of buyer interest.
(Reporting by Vera Eckert; editing by Jason Neely)