Billion boost for LNG terminals: Schleswig-Holstein becomes a gas hub!

Billion boost for LNG terminals: Schleswig-Holstein becomes a gas hub!

Wilhelmshaven, Deutschland - The federal government has received significant funding of over four billion euros for floating LNG terminals in Schleswig-Holstein and Lower Saxony, which was approved by the EU. This measure aims to make Germany more independent of Russian natural gas, especially against the background of geopolitical tensions since the Ukraine conflict. The floating LNG terminals, also known as FSRU (Floating Storage and Regasification Units), are installed in Brunsbüttel, Stade and two locations in Wilhelmshaven. This decision to promote is seen as an essential step towards diversification of the energy supply, such as ndr .

The German operating company Deutsche Energy Terminal (DET) is supported in covering the initial operating costs of the floating terminals. Since these terminals were chartered during a time of high energy prices, a loss operation was expected from the outset. The grant could add up to 4.96 billion euros if the financial situation should prove to be less favorable than originally calculated. According to the European Commission, this state aid is subject to strict regulations to avoid unfair competitive advantages.

International LNG infrastructure

LNG terminals are not only on the rise in Germany. Worldwide, numerous projects take shape that, like the German terminals, serve to reduce the dependence on traditional gas suppliers. For example, the list of global LNG terminals includes several important projects in Australia, Algeria and the USA that offer larger capacities. You can find more details here . This development underlines the international search for alternative energy sources and the strategic measures of countries worldwide to ensure their energy safety.