Germany’s Hanseatic Energy Hub embarks on landmark liquefied gas terminal construction

Hanseatic Energy Hub GmbH has officially confirmed the final investment decision to construct Germany’s pioneering land-based terminal for liquefied gases. Following the successful conclusion of the permitting and commercial phase in late 2023, shareholders including Partners Group (representing its clients), Enagás, Dow, and the Buss Group, have finalized the financing for this significant infrastructure project, known as the Hanseatic Energy Hub (HEH). The globally recognized EPC specialist Técnicas Reunidas, along with its partners FCC and Enka, has been entrusted with the contract to establish this forward-looking energy hub at the Stade Industrial Park, involving an investment of approximately one billion Euros. The groundbreaking ceremony is poised to take place shortly, signaling the commencement of construction activities.

This landmark investment decision propels the Hanseatic Energy Hub to the forefront of Europe’s energy security strategy, with its operational debut slated for 2027. Initially designed as an import terminal for LNG, SNG (synthetic natural gas), and liquefied biomethane, the HEH will subsequently accommodate ammonia, heralding a new era of carbon-neutral, hydrogen-based energy solutions. Upon the HEH’s activation, the FSRU “Energos Force,” currently anchoring Germany’s short-term gas supply needs, will depart from Stade, making way for the more efficient land-based facility.

The HEH boasts a formidable capacity of 13.3 billion cubic meters of natural gas annually, with 90% of this volume already secured through long-term agreements with European energy giants EnBW, SEFE, and ČEZ. These contracts offer the flexibility to transition to hydrogen-based carriers in the future, underscoring the terminal’s commitment to sustainability and innovation. Recognized as ammonia-ready by permitting authorities, the HEH is set to play a pivotal role in the region’s energy landscape.

Reflecting on over six years of development, the HEH project advances into its next phase under the experienced leadership of Enagás, which will spearhead construction and assume operational duties. The Spanish energy titan has increased its stake to 15%, reinforcing its commitment to the project and Europe’s decarbonization goals. Johann Killinger steps back from his management role, passing the CEO baton to Jan Themlitz, a seasoned professional with extensive LNG and energy project experience.

The project’s stakeholders have expressed their enthusiasm and commitment to transforming Germany’s energy infrastructure and enhancing regional economic development. The Hanseatic Energy Hub is poised to become a cornerstone of Germany’s energy security and a catalyst for the transition to a net-zero future, embodying a synergistic approach between the chemical, logistics, and energy sectors within the Stade Industrial Park and beyond.

The Hanseatic Energy Hub’s progression into the construction phase is a monumental step for Germany’s energy infrastructure, embodying the nation’s stride towards securing a sustainable and diversified energy supply. This project not only signifies a pivotal investment in Germany’s future energy security but also highlights the strategic shift towards renewable and low-carbon energy sources. As Europe grapples with the challenges of energy transition and security, the HEH stands as a testament to the collaborative efforts between industry leaders, governments, and communities to foster a resilient and sustainable energy ecosystem.