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.

Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio