Latest news with #DeutscheReGas
Yahoo
07-02-2025
- Business
- Yahoo
Germany imports more LNG through North Sea terminals than Baltic Sea
Germany's liquefied natural gas (LNG) import terminals on the North Sea operated at about 65% capacity in 2024, according to the state-owned Deutsche Energy Terminal. The floating terminals are located in the northern German cities of Wilhelmshaven and Brunsbüttel. Meanwhile, private operator Deutsche ReGas, responsible for two floating terminals on the Baltic Sea, has not disclosed its capacity utilization figures. However, data from Brussels-based gas infrastructure operator GIE indicates lower capacity use at the Baltic Sea terminals compared to those on the North Sea. GIE statistics show that the terminals in Wilhelmshaven and Brunsbüttel collectively fed some 59.1 terawatt hours of gas into the grid in 2024. According to the data, the two other floating terminals on the Baltic Sea contributed about 8.5 terawatt hours last year. The Federal Network Agency, Germany's main infrastructure authority, reported a slight decrease in natural gas imports via the LNG terminals, totalling 68 terawatt hours last year, down from 69.7 terawatt hours in the previous year, a decline of about 2.4% According to the agency, LNG's share of total gas imports remains low, accounting for some 8% last year, a modest increase of about one percentage point from the year before. Following Russia's invasion of Ukraine in 2022, the German government pushed for the construction of LNG terminals to reduce dependence on Russian gas supplies, which were severely limited and eventually ceased. The terminals have sparked controversy due to their cost and environmental impact.
Reuters
05-02-2025
- Business
- Reuters
Norway's Hoegh maps out hydrogen delivery plans to Germany
FRANKFURT, Feb 5 (Reuters) - Norwegian shipping firm Hoegh Evi expects to take a final investment decision (FID) this year on an ammonia-derived hydrogen project to deliver clean fuel into dedicated German grids, chief executive Erik Nyheim said. The company operates three of its nine floating storage and regasification units (FSRU) for liquefied natural gas along the German coast, diversifying the country's supply origins since the 2022 energy crisis. With an eye on Germany's long-term decarbonisation goals, Hoegh and private firm Deutsche ReGas are jointly developing a floating hydrogen import terminal at Lubmin on the Baltic Sea with an ammonia cracker that will produce hydrogen ready to be shipped inland. WHY DOES IT MATTER? Would-be investors lack visibility over the value chain for green low- or zero-carbon hydrogen, especially as high electricity prices discourage the use of local wind and solar power in electrolysis plants. Hoegh pledges an inexpensive import option, delivering ammonia from overseas and converting it to hydrogen, while holding on to its established LNG business for as long as needed. Ammonia has an established transport chain and is an ideal carrier for hydrogen, the low density of which otherwise makes it difficult to transport over long distances. KEY QUOTES "Our aim is to reach a final investment decision (FID) for our Lubmin H2 Terminal project with Deutsche ReGas by the end of this year," Nyheim said in an interview. "Developing the terminal in Lubmin is the first step to deploying the floating cracker technology by late 2027." BY THE NUMBERS Germany is backing a core hydrogen grid, into which Hoegh would deliver, via a 24 billion euro ($25.01 billion) loan from state lender KfW ( Nyheim said Hoegh, which has signed a deal to cooperate with state-owned energy firm SEFE, might be able to offer green hydrogen at $3-$3.5/kg by 2027, based on current knowledge regarding ammonia pricing. Costs in Europe currently run at $8-10/kg. ($1 = 0.9596 euros)
