LNG landfall project brings investor on board

Energy – Lubmin : LNG landfall project brings investor on board

Germany
Natural gas stands above a filling station for natural gas vehicles. Photo: Patrick Pleul/dpa/symbol picture (Photo: dpa)

Directly from the dpa news channel

Lubmin (dpa/mv) – A project to land liquefied natural gas (LNG) in Lubmin in Western Pomerania is receiving support from the investor Macquarie Capital. Deutsche Regas, the developer of the project, announced on Friday that the investor would contribute as part of an initial minority stake. A company set up by Macquarie Capital should also provide technical and operational support.

According to plans by Deutsche Regas, LNG is to be landed in Lubmin as early as December of this year. A feed-in capacity of initially 4.5 billion cubic meters of natural gas per year is planned. This would make the terminal the first operational of a series of planned LNG terminals in Germany . Among other things, the federal government is relying on LNG to replace Russian pipeline gas. The construction work for the Deutsche Regas project in Lubmin is already underway. However, approvals are still pending, which is why the schedule is considered ambitious.

© dpa-infocom, dpa:220923-99-875048/3

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