French energy company TotalEnergies and Germany’s Deutsche ReGas have signed an agreement for the installation and operation of a floating LNG terminal (FSRU) in the city of Lubmin, northeastern Germany.
TotalEnergies will provide one of its two FSRUs to Deutsche ReGas. With a maximum capacity of 5 bcm/year, the FSRU could cover about 5% of Germany’s annual gas consumption. The vessel will be installed at the “German Baltic Sea” terminal and is expected to start injecting 4.5 bcm of gas into the German network by 1 December 2022.
This is Germany’s fifth LNG terminal project since the start of the war in Ukraine, as Berlin is trying to avoid an energy crisis this winter amid dwindling supplies of Russian gas, of which the country is still very reliant on.
Indeed, in May 2022, it was announced that Uniper would start building the 7.5 bcm Wilhelmshaven LNG terminal, the first in the country. Furthermore, also in May, Germany announced it would charter four FSRUs (two by Uniper and two by RWE) with a total added import capacity of 25 to 29 bcm/year. Still in May, RWE signed a preliminary deal with Sempra to import 2.25 Mt/year (3 bcm/y) of US LNG. In March 2022, Gasunie and RWE announced plans for an 8 bcm/year LNG import terminal in Brunsbüttel.
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