EnBW pens agreement to import LNG via Stade terminal
German utility EnBW on December 8 said it will import LNG via Hanseatic Energy Hub’s (HEH) proposed Stade LNG import terminal. The company has booked long-term capacities at the terminal.
EnBW will also have the option to move to ammonia as a hydrogen-based energy source at a later date. This possibility is open to all Hanseatic Energy Hub customers with a long-term contract of more than 10 years.
"At EnBW, we are working intensively on the transition from fossil fuels such as coal to non-fossil fuels such as hydrogen. The cooperation with the Hanseatic Energy Hub fits very well into our efforts to become climate-neutral by 2035," said Georg Stamatelopoulos, member of the EnBW board of management and COO sustainable generation infrastructure. "Initially, we will ensure security of supply with the help of LNG imports from the terminal in Stade, and in the long term we will be able to substitute natural gas with climate-neutral green hydrogen."
EnBW had in March this year entered into a preliminary purchase agreement with HEH to buy regasified LNG. The terminal would offer 12bn m3/yr in regasification capacity at its location on the Elbe River, one of central Europe's key waterways. Company officials believe Stade LNG could start receiving gas imports from 2026.
"Our modular system and commercial portfolio give us the necessary flexibility in Stade to make a significant contribution to security of supply and, in parallel, to accompany the hydrogen ramp-up in Germany,” Johann Killinger, HEH´s managing director said.
Germany is planning to develop LNG import infrastructure as it aims to reduce dependence on Russian gas in light of the Ukraine conflict.