Energy: The Stade LNG Jetty Delivery is Days Away
With almost eleven months under its belt, the construction of Stade's LNG (Liquefied Natural Gas) jetty is days away from completion. Ministers Olaf Lies (SPD, Economy) and Christian Meyer (Greens, Energy) of Lower Saxony, along with Parliamentary State Secretary Stefan Wenzel (Greens) of the Federal Ministry of Economics, will join Deutsche Energy Terminal and Hanseatic Energy Hub in the handover ceremony on Saturday (10:00 a.m.).
Although the terminal is yet to commence operations, around 50 LNG tankers annually and an impressive 5 billion cubic meters of natural gas are anticipated to be handled once the terminal is operational. The long-awaited special ship necessary for operations has yet to arrive.
Noteworthy, the purpose of the Stade LNG terminal is part of Germany's plan to bolster their LNG import capacity, positioning themselves away from Russian pipeline gas reliance. The terminal's floating regasification vessel, named "Transgas Force," is set to arrive in February 2025, marking the terminal's official commencement.
Lower market demand and legal issues regarding environmental concerns and unfair market practices have posed challenges for the Stade terminal. Nevertheless, there's potential for additional LNG importation into Germany through 2025. The operational auction for free capacity slots, starting at €0.6/mmBTU, represents an opportunity for more LNG integration.
