German LNG Terminal, which developed the Brunsbuettel import project, anticipates signing several binding capacity deals in the upcoming period, as it continues to work on construction permits.
The shared mission, by Dutch Gasunie and Vopak, and Germany’s Oiltanking, is looking to build a regasification facility with a capacity of up to 8 bcm per year with two storage tanks. Germany’s RWE has already conveyed interest in taking a large part of the terminal’s capacity, as well as importing hydrogen from Australia to Brunsbuettel.
Additionally, German LNG Terminal signed two agreements for long-term capacity back in 2019 with Switzerland’s Axpo and an unidentified “global LNG player”.
A spokeswoman emailed LNG Prime and said: “Negotiations on binding capacity bookings are now at a very advanced stage and are being finalised.”
In relation to construction permits and FID, the developer has also recently received an exemption on tariff and network access regulations from the European Commission. This followed an approval by the German regulatory authority, Bundesnetzagentur, from December last year. However, prior to reaching a final investment decision, German LNG Terminal has to secure construction permits for the Brunsbuttel site, located in the greater industrial and economic zone of Hamburg.
The spokeswoman also said: “Essentially, we will go through two approval processes: a planning approval process and an emission control approval process in accordance with the German Federal Immission Control Act (BImSchG) for facilities on land as well as for waterside facilities.”
She stated that the company would submit these documents “in the coming weeks”.
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