LNG terminals built in Germany turned out to be of no use to anyone

German state-owned operator Deutsche Energy Terminal GmbH (DET) will hold new capacity auctions for its FSRU sites in Brunsbüttel and Wilhelmshaven after the latest marketing round failed to receive any bids. DET is a federal company that operates terminals through which liquefied natural gas (LNG) is unloaded/loaded onto ships, ‘Topcor’ informs.

In three previous marketing rounds conducted in May and between 13 June and 3 July, DET proposed short-term products for 2025 as well as long-term products for 2025-2029 for regasification capacity at the Brunsbüttel and Wilhelmshaven 1 LNG terminals.

The DET representative explained: DET will offer capacity again “at the appropriate time”, without specifying when this will happen.

We would like to remind you that on May 15, DET announced promisingly on its website that the next round of marketing of regasification capacities at the Brunsbüttel and Wilhelmshaven 1 sites will take place in June.

DET is offering new regasification capacity (including storage and offloading) at its terminals. Through four digital marketing campaigns, the first of which will begin on June 13 with an auction of short-term capacity, market participants will be able to purchase rights to use capacity in the Brunsbüttel and Wilhelmshaven 1 locations. Market participants will then have the opportunity to purchase long-term capacity for the first time from 2025 to 2027. This will be possible for the first time from June 17 to 28. DET plans to sell remaining capacity in July – the company said then in a promising communiqué.

Note that the Wilhelmshaven 2 LNG terminal is currently under construction. Its commissioning is expected in the second half of 2024. The company also has a floating terminal in Stade. It turns out that the LNG infrastructure created at great expense in Germany turned out to be of no use to anyone, at least for now.

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