LNG: Germany's Stade LNG Import Terminal Faces Further Delays
Germany’s Stade LNG terminal faces further delays following the termination of contracts between Deutsche Energy Terminal (DET) and Hanseatic Energy Hub (HEH), Kpler reports.
- DET now expects commissioning to be delayed until mid-2025, insisting further work is needed at the terminal’s superstructure.
- Back in November 2024, DET had expected the terminal to launch in January this year.
- The “Energos Force” FSRU arrived at Stade in March 2024 and has remained idle since, Kpler says.
- Germany’s investments in LNG infrastructure have been questioned by market players, with some questioning whether the country has overcommitted to import terminals and FSRUs in its rush to replace Russian pipeline supplies, Kpler says.
- FSRUs in Germany have been receiving LNG cargoes at much lower levels compared to onshore facilities in neighbouring countries owing to high operational costs, Bloomberg reported previously.
- Deutsche ReGas, operator of German Baltic Sea LNG, terminated the charter contract for its “Energos Power” vessel in early February citing pricing issues. It may be leased to Egypt to support its summer gas demand needs.
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