In a significant development in Germany’s liquefied natural gas (LNG) sector, Deutsche Energy Terminal (DET), established by the country’s Federal Ministry for Economic Affairs and Climate Action earlier this year, is set to introduce short-term regasification capacity at its FSRU-based LNG import terminals. The LNG Prime source.
- Deutsche Energy Terminal (DET) is offering short-term regasification capacity at Germany’s FSRU-based LNG terminals, marking a new development in the country’s LNG landscape.
- Two digital auction rounds in October will allow market players to acquire short-term capacities for 2024, with plans to expand these offerings to additional terminals in December.
- Germany’s growing LNG infrastructure and partnerships with private LNG firms demonstrate its commitment to diversifying energy sources and becoming a significant player in the European LNG market.
A New Player in German LNG
Deutsche Energy Terminal (DET), established earlier this year by Germany’s Federal Ministry for Economic Affairs and Climate Action, is set to offer short-term regasification capacity at its FSRU-based LNG import terminals for the first time. DET is gearing up to operate four LNG terminals in the North Sea area, marking a significant development in Germany’s LNG landscape.
Short-Term Capacity Auctions
In two upcoming digital auction rounds, scheduled for October 16 and October 23, market participants will have the opportunity to acquire utilization rights for short-term capacities in 2024 at DET’s Brunsbüttel and Wilhelmshaven 1 terminals. This marks the first time short-term capacities will be made available, providing flexibility for LNG users.
Expanding LNG Infrastructure
DET’s plans don’t stop at short-term capacity offerings. In December 2023, the company intends to extend its short-term capacity auctions to the Stade and Wilhelmshaven 2 terminals, further enhancing Germany’s LNG infrastructure and accessibility.
Germany’s Growing LNG Landscape
With multiple FSRUs chartered and LNG terminals in the pipeline, Germany is solidifying its position in the LNG market. Partnerships with private LNG firms and significant investments in FSRU infrastructure demonstrate the country’s commitment to diversifying its energy sources and fostering LNG importation.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source-LNG Prime
