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Enagás has finalised the acquisition of 10% of the shares of Hanseatic Vitality Hub GmbH (HEH), a consortium during which it participates as an industrial associate. HEH has tasks in Stade (Germany), which is ready to turn out to be the placement 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 may even be ready to function with inexperienced ammonia.
With its 10% stake, Enagás strengthens the consortium shaped by the Buss Group (founding shareholder), Companions Group (on behalf of its purchasers), and industrial associate, Dow. Enagás will contribute its expertise as certainly one of Europe’s main transmission system operators (TSO) within the growth and operating of power infrastructures, together with carbon-neutral LNG terminals, assuming a number one position within the plant operations.
The deal has already been accredited by the German regulator (BNetzA) and has obtained EU Competitors Clearance.
Arturo Gonzalo, CEO of Enagás, stated: “The entry of Enagás in Germany as an industrial associate in HEH suits completely with the targets established within the firm’s Strategic Plan of contributing to the safety of power 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 undertaking 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 business.”
HEH commissioned a consortium led by worldwide EPC specialist, Técnicas Reunidas, to develop the onshore terminal, topic to the ultimate funding determination. 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 intention of the undertaking is to develop a versatile modular system for the transition to inexperienced power within the Stade industrial park, the place Dow already is the most important European producer of electrolysis hydrogen. This location additionally presents the potential for creating synergies with the chemical, logistics and power sectors.
In an preliminary part, from finish of 2023 till the commissioning of the onshore terminal, HEH may even be the positioning of one of many 5 FSRUs chartered by the German authorities.
The works on the onshore superstructure – shaped by the discharge arms and a gasoline pipeline – of the FSRU being developed by HEH, are progressing in line with planning, and are anticipated to be accomplished in December, with the intention of getting the infrastructure up and operating this winter.
Within the second part, from 2027, LNG and renewable power sources akin to bio-LNG and artificial pure gasoline (SNG) will be capable to be imported from the onshore terminal. The deliberate regasification capability is 13.3 billion m3/y. The terminal, the port, the commercial 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/
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