The European Commission has approved the exemption decision for German LNG Terminal GmbH. The decision is in relation to the annual output capacity of 8 billion cubic metres per annum on a long-term basis from the date of the terminal’s commercial launch.
The application was first submitted by German LNG to the Federal Network Agency for exemption from tariff and network access regulation under section 28a of the German Energy Industry Act in July 2018. In early December 2020, the company had been informed of the decision of the German regulatory authority granting it exemption. As usual, this was subject to review by the EU Commission.
Rolf Brouwer, managing director of German LNG Terminal, said: “The commercial framework conditions for the LNG terminal have now been determined.
“We are extremely confident that we will now soon be able to conclude binding contracts with our potential customers, and commission the EPC contractor. We hope that the planning permission procedures can take a decisive step forward in the near future. German LNG Terminal is ready to take this step too.”
The joint venture is to build and operate a liquefied natural gas terminal at the Brunsbüttel location. The terminal will contribute to the securing and diversification of the natural gas supply at the time of the energy transformation in Germany. The terminal will play an important role in the energy supply of the future, with the possibility of handling green gases.
For more information visit www.germanlng.com