Proposed German LNG Import Terminal Faces Delays
Liquefied natural gas terminal developer Hanseatic Energy Hub has delayed the development of a proposed LNG terminal in Germany amid large price swings, Bloomberg reported. Danielle Stoves, commercial and regulatory director for Hanseatic, said the company decided to hold off…
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on a key step toward a final investment decision when it postponed offering transportation capacity to would-be consumers this month, Bloomberg said. Germany has proposed three LNG terminals in a bid to wean off Russian gas, and Hanseatic's delay is just one of many setbacks facing all three terminals. The plan for Hanseatic was to build an onshore storage and regasification unit with 12 billion cubic meters a year of capacity. Hanseatic also said a final investment decision queued up for the first quarter of 2023 may also be shifted, Bloomberg said.