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German LNG Capacity Lower than Expected in Q1 Amid Terminal Delays

LNG

Potential delays to new LNG import terminals in Germany may have limited impact on the near term bearish gas market but could increase the German gas hub premium to other markets according to ICIS.

  • The planned start of the second FSRU planned for Wilhelmshaven could be delayed to spring 2024 according to state-owned LNG terminal operator Deutsche Energy Terminal (DET). The terminal was previously expected to start up in Q1 2024.
  • The planned FSRU at Stade has also been delayed with an expected start up in February having previously been expected by the end of the year.
  • A new jetty at Brunsbüttel was previously expected to be completed by the end of the year but construction has only just begun.
  • Operations at the Deutsche Regas Mukran LNG terminal are expected to start in January, but “construction work planned for the beginning of November apparently has not been carried out to date” said environmental organization Deutsche Umwelthilfe (DUH).
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