Signing of contract on chartering fifth floating LNG terminal (FSRU)

State Secretary at the Federal Ministry for Economic Affairs and Climate Action Patrick Graichen and President of Excelerate Energy Steven Kobos today signed a contract on the chartering by the Federal Government of the fifth floating LNG terminal. The floating platform is planned to be put into operation at Wilhelmshaven in autumn 2023.

The Floating Storage and Regasification Unit (FSRU) has been chartered for five years, but it will be operated in Wilhelmshaven only until the hydrogen onshore terminal planned by Tree Energy Solutions (TES) is put into operation. In the medium term, the latter will be used for imports of green LNG to be converted into hydrogen.

The FSRU terminal will provide a further possibility to directly import natural gas for the German market from regions which are not directly linked by pipelines. The FSRU has a capacity to regasify around 5 billion m3 annually and will thus contribute to security of supply. The international consortium consisting of E.ON, Tree Energy Solutions (TES) and Engie is working to realise the project as quickly as possible, complying with all provisions under authorisation and state aid law.