Hanseatic Energy Hub GmbH has announced its commitment to the final investment decision for the construction of Germany’s inaugural land-based terminal for liquefied gases. Following the successful conclusion of the permitting and commercial phase in late 2023, the company’s shareholders, including Partners Group (on behalf of its clients), Enagás, Dow, and the Buss Group, have secured financing for the ambitious infrastructure project, known as the Hanseatic Energy Hub. The esteemed EPC* specialist Técnicas Reunidas, along with its partners FCC and Enka, has been entrusted with the construction of the future-flexible energy hub at the Stade Industrial Park. The terminal’s construction will involve an investment of approximately one billion Euros, with the official groundbreaking ceremony scheduled to take place in the forthcoming weeks.

This significant milestone enables the Hanseatic Energy Hub to play a pivotal role in ensuring Europe’s energy security upon its planned commissioning in 2027. Initially serving as an import terminal for LNG, SNG, and liquefied biomethane, the HEH will later transition to handling ammonia as a carbon-neutral, hydrogen-based energy carrier. The FSRU “Energos Force,” chartered by Germany’s federal government, will depart from Stade once the HEH is operational. Meanwhile, the floating LNG terminal, present since March 2024, will continue to secure gas supply in the interim until the land-based terminal’s completion.

The Hanseatic Energy Hub boasts a total capacity of 13.3 billion cubic metres of natural gas annually, with ninety percent of this volume already secured through long-term contracts with three European energy majors, namely EnBW, SEFE, and ČEZ. The remaining capacity is reserved for short-term bookings, with long-term contracts offering the flexibility to transition to hydrogen-based energy carriers in the future. The terminal has received certification from permitting bodies as ammonia-ready.

After more than six years of development, the Hanseatic Energy Hub project is transitioning into its next phase. Enagás, overseeing the technical direction of construction and set to be the terminal operator, will increase its share from 10 to 15 percent.

Following the investment decision, Johann Killinger, a key figure in driving the project thus far, will step down from the management team to focus on his role as a shareholder. Jan Themlitz will assume the CEO responsibilities for the construction and commissioning of the terminal. Themlitz brings with him extensive experience in developing energy-related projects and three decades of LNG expertise gained from working with gas majors and power generators.

For more information visit www.hanseatic-energy-hub.de

22nd March 2024