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First FSRU Vessel for Lumbin Terminal Arrives in Germany

LNG

The first of several floating storage and regasification vessels (FSRU) that will increase LNG import capacity in Germany arrived yesterday off the Baltic Sea port of Mukran.

  • The 4.5bcm/yr FSRU vessel Neptune arrived on Nov 23 and is due to be operational at the privately owned Deutsche ReGas facility in nearby Lubmin on Dec 1.
  • On Nov 19 the energy regulator granted the project exemption from tariff and network access regulations for 20 years to increase competition.
  • Deutsche ReGas says a recent tender for annual regasification capacity of 11.7bcm was oversubscribed, with bids totalling 15.2bcm.
  • Other floating storage and regasification units are scheduled to arrive at the North Sea ports of Wilhelmshaven and Brunsbuettel later this year.
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