Germany plans fifth floating LNG import terminal

Berlin continues to use the private sector in its efforts to reduce its dependence on Russian pipeline gas

The German government has selected a consortium comprising German utility Eon, France’s Engie and Belgian-based Tree Energy Solutions (TES) to develop and manage the country’s fifth floating storage and regasification (FSRU) terminal. Berlin and the consortium expect the FSRU to start operations at “the beginning of the heating period in 2023”, according to a joint statement. The floating terminal will have a capacity of 5bn m³/yr, or around 5pc of Germany’s annual gas consumption. Germany has already selected locations for four FSRUs. And there may be more announcements to come, as private developer Deutsche Regas is pursuing another terminal project in partnership with TotalEnergies.