To run until Feb 1, 2021: Hanseatic Energy Hub
HEH eyes binding phase for 12 Bcm/year project in Q1
Commercial operations expected to start in 2025
London — Hanseatic Energy Hub (HEH), the developer of the planned LNG import terminal at Stade in northern Germany, on Dec. 9 launched the non-binding phase of an open season to gauge market interest in the facility.
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Register NowThe launch of the open season -- set to run until Feb. 1, 2021 -- marks an "important step" toward securing binding contracts and making the terminal a reality, Urban Stojan, partner and project manager, said in a statement.
A binding phase for capacity bids is expected to be launched at the end of Q1 2021, with commercial operations set to start in 2025.
The 12 Bcm/year onshore Stade LNG terminal is the largest of three LNG plants under development in northern Germany, according to the current project concepts.
However, Uniper last month said it was it was re-evaluating its planned 10 Bcm/year floating LNG import terminal at Wilhelmshaven after market players showed lukewarm interest in booking long-term capacity at the plant.
And a final decision on the planned 8 Bcm/year German LNG Terminal (GLT) at Brunsbuettel in northern Germany is now only expected in the first half of 2021, according to utility RWE, which plans to take most of the capacity at the facility.
Germany has no LNG import terminals at present, and there have been question marks about the need for a plant given how well the country is connected in Europe to numerous gas supply sources.
Letters of intent
In early September, HEH said it had already signed letters of intent with nine global market players interested in taking capacity at the Stade LNG import facility.
"We have been working closely with the market to prepare our open season and are keen to engage with all parties interested in capacity in our terminal," HEH commercial and regulatory director Danielle Stoves said in the statement Dec. 9.
"During the non-binding phase, we will seek feedback on the proposed commercial offering which will allow us to ensure the binding phase of the open season meets the requirement of potential customers," Stoves said.
In an interview with Platts in September, Stoves said Stade had a number of competitive advantages including that it will be located on a brownfield site at the Dow industrial park and be zero emissions as it will use waste heat from Dow's processes to regasify the LNG.
She said there was also local demand in the area for gas, as well as LNG by road and river, and only a short distance to tie in to Gasunie Deutschland's pipeline network.
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December 09, 2020 at 07:21PM
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German Stade LNG developer launches non-binding import capacity open season - S&P Global
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