MET Group has secured binding long-term LNG capacities at Deutsche ReGas’ floating LNG terminal in Lubmin, Germany. The FSRU on the German Baltic Coastline was formally inaugurated within the presence of Olaf Scholz, Federal Chancellor, and Robert Habeck, Federal Minister for Financial Affairs and Local weather Safety.
MET Group is a longtime and lively participant within the German pure gasoline and electrical energy market. Germany has all the time been a key hub in MET’s gasoline and energy portfolio and, lately, MET Group has acquired 3.4 TWh of underground gasoline storage amenities, opened a neighborhood provide subsidiary, and is quickly rising its gross sales actions to municipal utilities, industrial, and business prospects and, most just lately, households. The potential to import LNG by means of the Deutsche Ostsee LNG Terminal in Lubmin will considerably complement MET’s provide to all prospects and improve the safety of vitality provide for the area.
Throughout Europe, MET Group at present provides pure gasoline and electrical energy to varied buyer teams, from massive shoppers to personal households, in 13 international locations. As a part of its procurement of pure gasoline volumes, MET is actively growing its participation within the LNG market. In 2022 alone, MET has imported over 30 TWh of LNG cargoes to Croatia, Greece, Spain, Belgium, and the UK. With the German regasification capacities, MET Group turns into one of the crucial various LNG importers into Europe, having mid-term capacities in 4 international locations and full capabilities for additional spot deliveries into extra terminals throughout the continent.
György Domokos Vargha, CEO of MET Worldwide AG, said: “Contracting capacities in Germany is an immensely vital puzzle piece for our built-in European vitality market technique, constructing bridges throughout bodily imports into and throughout totally different areas, between buying and selling competences and gross sales experience, between asset operations and financial optimisation. Moreover, elevated LNG import capability is a crucial addition to MET Group contributing to bodily vitality safety subsequent to its renewables portfolio, the gas-fired energy technology asset park and the underground gasoline storage capability investments.”
Jörg Selbach-Röntgen, CEO of MET Germany GmbH, added: “For the reason that starting of 2022, we’ve been in intensive talks with varied official stakeholders in addition to prospects and emphasised that MET Group want to additional develop its dedication to safe the provision of pure gasoline for Germany. So as to have the ability to implement the deliveries from preliminary agreements with main municipal utilities and enormous industrial firms in Germany reliably and on schedule, we’ve now secured binding capability on the floating terminal in Lubmin. It will considerably strengthen our place within the German market.”
Learn the article on-line at: https://www.lngindustry.com/regasification/16012023/met-group-secures-regasification-capacity-at-deutsche-ostsee-lng-terminal-in-lubmin/