The war in Ukraine has prompted Europe to reshape its energy policy, and once-snubbed U.S. LNG is now a key part of a European Union’s strategy to wean itself off Russian gas expected to be outlined this week.
London Hanseatic Energy Hub, or HEH, the developer of the planned LNG import terminal at Stade in northern Germany, has pushed back the binding phase of its capacity open season to near the end of September, a senior company official told S&P Global Platts.
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The 12 Bcm/year onshore Stade LNG terminal is the largest of two remaining LNG plants under consideration in northern Germany, and HEH had planned to invite binding capacity bids in the second quarter of 2021. We are actually extending the timeline of the current phase preparation for the binding phase to allow us longer to work together with all interested parties to fine-tune the products and finalize the contract, said Danielle Stoves, HEH s commercial and regulatory director.
Hanseatic LNG Open Season Secures Full Interest
Feb 22, 2021 3:20:pm
Summary
by: William Powell
Hanseatic Energy Hub (HEH) has concluded its extended open season for LNG import capacity in north Germany with confirmed market interest accounting for the full planned capacity of t.
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