Germany Announced Fifth Floating LNG Terminal

Germany’s Economy Ministry announced the building of a fifth floating LNG terminal by a private consortium, in addition to the four already planned by the government. The fifth terminal will be located in the city of Lubmin, 250 km north of Berlin, and the construction is planned to be completed by the end of this year.

This will be the second floating LNG terminal in Lubmin as the ministry said a government terminal will be located there as well. The ministry also announced a government terminal in Stade, near Hamburg.

Those two sites announced by the government, in addition to the one to be built privately, as well as the two previously announced sites in Wilhelmshaven and Brunsbüttel.

The floating terminals are essentially liquefied gas tankers that can return the fuel to its gas state themselves, which means a complete port is not required.

Wilhelmshaven and Brunsbüttel, both located on the North Sea coast, are scheduled to go into operation as early as this winter.

The terminals in Stade and Lubmin will not be ready for operation until the end of 2023 at the earliest, according to the ministry.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Germany’s RWE, Uniper Set to Strike Long Term LNG Deals with Qatar

German utilities RWE and Uniper are close to sign a long term LNG supply deal with Qatar’s North Field Expansion project in an effort to replace Russian gas. The talks have been marred by differences over some key conditions such as contract lengths and pricing, but the two sides have finally come close to reaching an agreement. Germany aims to replace all Russian energy imports by mid-2024, a huge effort for Europe’s biggest economy which relies on natural gas to fuel its industry.

China and India Eye Discounted Russian Crude

Since Russia launched its invasion of Ukraine in late February, there has been a significant increase in its oil exports to India. It is believed that India is willing to buy even more cheap oil from Russia. China, already the single biggest buyer of Russian oil, could follow India in increasing the amount.

China Releases Oil and Natural Gas Reserves to Stabilize Prices

China’s National Food and Strategic Reserves Administration said the country has released its gasoline and natural gas reserves to increase supply levels and maintain price stability in some regions.

Stay informed

error: This content is protected !!