The European Commission (EC) has given its approval for a EUR40 million (US$43.8 million) support measure from Germany for the development of a LNG terminal in Brunsbüttel. This terminal will replace the existing Floating Storage and Regasification Unit (FSRU) currently in operation at the site. With an annual capacity of 10 billion cubic meters, the terminal will encompass import, storage, and distribution facilities. The anticipated timeline for the terminal to begin operations is at the end of 2026.
German energy operator RWE and Dutch energy network operator Gasunie are the primary beneficiaries of this support measure. The responsibility of building and operating the LNG terminal will rest with the German LNG Terminal GmbH (GLNG). This company has three shareholders, including the German government through the investment and development bank KfW, which will possess a 50% stake. Gasunie will hold a 40% stake, while RWE will have a 10% stake. The total investment volume for the project is estimated to be around EUR1.3 billion (US$1.4 billion).
This new LNG terminal will be designed with great attention to detail, taking into account technical specifications that enable its conversion into a terminal for the import of renewable energy carriers such as renewable hydrogen or its derivatives. This forward-thinking approach will help prevent the lock-in of gas and open up possibilities for renewable energy integration. The conversion process is expected to commence after 15 years of operation, ensuring that the terminal remains adaptable to changing energy needs. By the latest target date of 2043, the terminal will complete its transformation into one that aligns with sustainable energy sources.
