Germany opens the LNG Terminal in Lubmin to Secure Country’s Energy Supply

Coral Favia at floating LNG terminal Lubmin – Photo credits: DRG Sebastian Frauenlob

Germany inaugurated the LNG terminal in Lubmin in the presence of Federal Chancellor Olaf Scholz and among other members of the Parliament to help secure the country’s energy supply. With a regasification capacity of up to 5 billion cubic meters of gas per year, it’s enough to cover about 5% of German demand. The LNG terminal in Lubmin is the first and, so far, only completely privately financed floating liquefied natural gas terminal in Germany.

TotalEnergies, a large LNG and Europe’s leading regasification player, has announced the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas.

Operated by Deutsche ReGas and located in Lubmin on the German Baltic Sea coast, Germany inaugurated the LNG terminal in Lubmin in the presence of Federal Chancellor Olaf Scholz.

“This project, to which TotalEnergies is contributing a floating storage and regasification unit (FSRU) and supplying LNG, will make the company one of Germany’s main LNG suppliers”, as it is mentioned by TotalEnergies in a statement.

In December 2022, TotalEnergies delivered the Neptune, one of the Company’s two floating storage and regasification units, to Deutsche ReGas. The vessel has an annual regasification capacity of 5 billion cubic meters of gas, enough to cover about 5% of German demand.

Following Deutsche ReGas’s open season procedure, in October 2022, TotalEnergies also contracted regasification capacity of 2.6 billion cubic meters of gas per year and began to deliver LNG from its global integrated portfolio to the Lubmin terminal.

“Europe is facing a historic gas supply crisis caused by the sharp drop in flows from Russia. Since the beginning of this crisis, TotalEnergies has mobilized its LNG portfolio, which is broad and flexible, to send available LNG to Europe and to use its 18 Mt/y regasification capacity. Thanks to the start-up of the Lubmin terminal, TotalEnergies will be able to add to this effort and increase its imports to Europe to over 20 Mt/y, or about 15% of the continent’s regasification capacity. We are pleased to support this project, which will allow Germany and Europe to further secure gas supply,” said Stéphane Michel, President Gas, Renewables & Power at TotalEnergies.

It is worth mentioning that Anthony Veder committed three LNG carriers to Deutsche ReGas (DRG) for their new floating LNG terminal in Lubmin, Germany and took a participation in the same terminal. The floating storage and regasification unit (FSRU) serving as terminal was officially launched on Saturday 14th of January.

Jan Valkier, CEO Anthony Veder says: “We are proud that we have been selected by Deutsche ReGas for supporting in their floating LNG terminal. As an integrated shipowner with extensive experience in ship to ship operations worldwide we are looking forward to collaborating with all parties involved to successfully bringing LNG via this new distribution route to Germany.”

With three 10,000 cbm multi-purpose gas carriers the Anthony Veder vessels will serve as a shuttle, loading LNG at the floating storage unit, and discharging at the FSRU in the small port of Lubmin.

This operation with be performed with the following LNG carriers from the fleet: Coral Furcata, Coral Favia and Coral Fraseri.

Source: TotalEnergies and Anthony Veder

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.