Deutsche ReGas GMBH & Co. KGaA’s 5.2-billion cu m/year (bcmy) Deutsche Ostsee LNG terminal has received its operating license and is in the final stages of commissioning. Final commissioning includes TotalEnergies SE’s Neptune floating storage and regasification unit (FSRU), small-scale LNG shuttle vessels, and associated infrastructure.
Deutsche ReGas plans to more than double Deutsche Ostsee’s regasification capacity by 2025. The company also plans to install a second FSRU-based terminal by end-2023 which, alongside a number of potential capacity upgrades, could increase its import capacity to 13.5 bcmy.
Deutsche Ostsee, in Lubmin, Germany, delivered first gas earlier this month (OGJ Online, Jan. 13, 2023). The project is using existing port and natural gas network infrastructure to minimize its direct environmental impact.
The German Government has committed to diversifying its gas-supply options to ensure reliable access to natural gas and last year passed the LNG Acceleration Act to speed deployment of LNG terminals in the country. Germany expects to have 37 bcmy of import capacity in place by 2024. The country’s gas consumption in 2021 was 93.6 bcm.
Macquarie Capital and its 100%-owned portfolio company, WaveCrest Energy LLC, have supported Deutsche Ostsee with two rounds of investment into Deutsche ReGas.