Energie Saguenay in Canada-Germany low-carbon LNG plan
GNL Quebec, which is developing the 11mn mt/yr Energie Saguenay LNG project in Quebec, said June 3 it had joined the Hanseatic Energy Hub, a strategic partnership aimed at building a low-emission supply chain for LNG between Canada and Germany.
Led by Germany’s Buss Group and Switzerland’s Partners Group, and with Belgian Fluxys as an industrial partner, the Hanseatic Energy Hub is a planned 12bn m3/yr LNG import and regasification terminal planned for the Stade industrial area of Hamburg, Germany. It is anticipated the facility will be operational in 2026.
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GNL Quebec and the other Hanseatic partners will jointly develop standards and processes for importing carbon-neutral LNG from the Energie Saguenay terminal to the carbon-neutral regasification terminal at Stade. As part of the agreement, they will also explore regulatory and technological solutions to monitor and reduce greenhouse gases (GHGs) associated with each load, including the tracing of molecules using blockchain technology.
“With this announcement, the Energie Saguenay project has reached a new important milestone in its development and we are delighted to be working in partnership with the shareholders of Hanseatic Energy Hub,” GNL Quebec president Tony Le Verger said. “Our two companies share a common mission, vision and values promoting the acceleration of the energy transition and the fight against climate change.”
Manfred Schubert, managing director of the Hanseatic Energy Hub, said the strategic partnership with GNL Quebec aligns closely with a memorandum of understanding struck earlier this year between Canada and Germany to work together to advance their respective net-zero aspirations.
“This partnership forms the basis for supplying Canadian LNG with low GHG emissions to the German industrial sector,” he said. “Our long-term vision is to make Hanseatic Energy Hub a leading terminal that will deliver carbon-neutral fuels, like hydrogen, to our industry.