Enagás has finalised the acquisition of 10% of the shares of Hanseatic Vitality Hub GmbH (HEH), a consortium wherein it participates as an industrial associate. HEH has tasks in Stade (Germany), which is ready to develop into the situation for one of many FSRUs constitution the by the German authorities, operated by Deutsche Vitality Terminal GmbH (DET), and for terminal for liquified gases on land that can even be ready to function with inexperienced ammonia.
With its 10% stake, Enagás strengthens the consortium fashioned by the Buss Group (founding shareholder), Companions Group (on behalf of its purchasers), and industrial associate, Dow. Enagás will contribute its expertise as one among Europe’s main transmission system operators (TSO) within the improvement and working of vitality infrastructures, together with carbon-neutral LNG terminals, assuming a number one function within the plant operations.
The deal has already been authorized by the German regulator (BNetzA) and has acquired EU Competitors Clearance.
Arturo Gonzalo, CEO of Enagás, mentioned: “The entry of Enagás in Germany as an industrial associate in HEH suits completely with the goals established within the firm’s Strategic Plan of contributing to the safety of vitality provide and the decarbonisation of Europe.”
“Enagás, along with the TSOs of Portugal and France, introduced to the decision for Initiatives of Widespread European Curiosity (PCI) the primary European challenge for a hydrogen hall, H2Med, after a historic settlement to which Germany additionally joined, and is firmly dedicated to renewable hydrogen for the decarbonisation of its trade.”
HEH commissioned a consortium led by worldwide EPC specialist, Técnicas Reunidas, to develop the onshore terminal, topic to the ultimate funding resolution. Different members of the consortium are the FCC Group and Entrade GmbH.
HEH has already contracted 10 billion m3/y of long-term LNG capability with EnBW and SEFE.
The goal of the challenge is to develop a versatile modular system for the transition to inexperienced vitality within the Stade industrial park, the place Dow already is the most important European producer of electrolysis hydrogen. This location additionally provides the opportunity of creating synergies with the chemical, logistics and vitality sectors.
In an preliminary part, from finish of 2023 till the commissioning of the onshore terminal, HEH can even be the location of one of many 5 FSRUs chartered by the German authorities.
The works on the onshore superstructure – fashioned by the discharge arms and a fuel pipeline – of the FSRU being developed by HEH, are progressing in response to planning, and are anticipated to be accomplished in December, with the goal of getting the infrastructure up and working this winter.
Within the second part, from 2027, LNG and renewable vitality sources similar to bio-LNG and artificial pure fuel (SNG) will be capable of be imported from the onshore terminal. The deliberate regasification capability is 13.3 billion m3/y. The terminal, the port, the economic park and the connecting infrastructure are designed for the longer term use of ammonia.
HEH’s deliberate funding quantity for the terminal is round €1 billion.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/28092023/enags-acquires-10-of-heh/
