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.