Germany’s LNG terminal operator Deutsche ReGas has terminated the charter contract for the “Energos Power” with the German Federal Ministry for Economic Affairs and Climate Protection, according to a statement released by Deutsche ReGas on February 10.
The vessel is one of two floating storage and regasification units (FSRUs) currently operating at the “Deutsche Ostsee” (“German Baltic Sea”) energy terminal in Mukran.
“DET’s ruinous pricing policy since December 2024 is one of several reasons for terminating the sub-charter contract. Deutsche ReGas regrets being forced to take this step,” said Ingo Wagner, Managing Partner of Deutsche ReGas. “We continue to closely consult with the German government in this regard. In the event of a supply shortage, an immediate solution can be found at any time from ReGas’s perspective.”
Deutsche ReGas said in its statement that “since December 2024, DET has been systematically marketing its capacities for the regulated LNG terminals at prices significantly below the cost-covering fees approved by the German Federal Network Agency. This has led and continues to lead to significant market distortion in Germany.”
Deutsche ReGas is a medium-sized company in the European energy infrastructure sector.
To read the statement pls see here.
