Hanseatic Energy Hub (HEH) plans to launch an open season process for capacity at its planned 12bn m³/yr LNG regasification project at Stade on Germany’s northwest coast “imminently, following strong engagement with the market”.
The process will be a non-binding phase to get feedback on the proposed commercial offering, followed by a binding phase with the aim of having signed contracts by summer 2021.
Danielle Stoves, the firm’s commercial and regulatory director, said: “We have been working closely with the market developing our open season and are delighted to be offering our capacity for sale very shortly.”
She added: “We signed letters of intent with nine global market players earlier this year, and market interest continues to grow.”
HEH plans to submit its third-party access exemption application to the German regulator and to launch the first non-binding phase “in the coming weeks”. Submission of its permitting applications is expected by the end of the first quarter of next year.
It will then launch the second, binding phase of the open season and allocate capacity by the end of the second quarter. Once permitting approvals and the regulator’s exemption decision are in place, the aim is to take FID in the first half of 2022, with commercial operations starting in late 2025.
For more information visit www.hanseatic-energy-hub.de