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The state-owned working firm, Deutsche Power Terminal GmbH (DET) – liable for the advertising and operation of the 4 LNG terminals (FSRU) on the German North Beach – has, for the second time, marketed regasification capacities of one in all its operated terminals in digital public sale rounds.
On a complete of two advertising days, on 11 and 14 December 2023, market contributors had been capable of purchase 50% of the whole time slots for using regasification capacities (short-term capacities) within the interval from April – December 2024 on the Stade terminal. Slots had been allotted each with and with out supply obligations for market contributors.
11 of the whole of 15 slots on supply had been allotted at costs of €00.55/million Btu every. Which means that the vast majority of the 50% of capability provided on the terminal in Stade has been secured. The remaining 4 slots of capability at this terminal can be awarded at a later date.
“On condition that we’re experiencing a gentle winter to this point, are seeing full fuel storage ranges and most fuel merchants have already finalised their annual planning in October, we’re very glad with the results of our auctions for the Stade terminal. The end result confirms our assumption that there’s a demand for regasification capacities on the German coast regardless of the present market circumstances,” mentioned Dr Peter Röttgen, Managing Director of DET.
It also needs to be famous that capacities had been marketed for a terminal that’s presently nonetheless below development. However, DET has made a acutely aware resolution to supply all bookable capacities at an early stage so as to guarantee planning safety for merchants.
Additional auctions for each short-term and long-term capability are deliberate for all 4 DET terminals in April 2024.
Learn the article on-line at: https://www.lngindustry.com/regasification/29122023/deutsche-energy-terminal-gmbh-completes-second-auction-for-regasification-capacities/
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