LNG terminal operator Deutsche ReGas and the Federal Ministry for Economic Affairs and Energy have reached a mutual agreement on the resolution of the sub-charter agreement for the regasification vessel (FSRU – floating storage and regasification unit) Energos Power with effect from February 2025.
To remind, Deutsche ReGas is a medium-sized enterprise in the European energy infrastructure sector.
“This agreement corresponds to the express will of both contracting parties,” Deutsche ReGas said in its release on June 16, adding that all open issues arising from the contractual relationship regarding the FSRU Energos Power have been conclusively settled.
As it is reported, the parties have agreed not to disclose further details of the agreement.
Ingo Wagner, managing shareholder Deutsche ReGas, said: “We have found an amicable and mutually satisfactory out-of-court solution within a very short period of time.
“We thank the employees involved in the Federal Ministry for Economic Affairs and Energy for the constructive and cooperative solution. This reflects the good cooperation between Deutsche ReGas and the Federal Ministry for Economic Affairs and Energy to ensure energy security in Germany.”
Bernhard Kluttig, head of department for economic stabilisation, energy security, gas, hydrogen infrastructure in the Federal Ministry for Economic Affairs and Energy, added: “In light of constructive discussions that have taken place with Deutsche ReGas regarding the withdrawal of the FSRU Energos Power from the terminal in Mukran we were able to resolve open points in connection with the sub-charter agreement amicably.
“This is a good basis for the objective of both the Federal Ministry for Economic Affairs and Energy and Deutsche ReGas to secure energy supply for the future. For the Federal Ministry for Economic Affairs and Energy the security of energy supply in Germany was the top priority in the discussions.”
To read the statement pls see here.
