German LNG Terminal GmbH is a joint venture of Dutch companies Vopak and Gasunie as well as German company Oiltanking, part of Marquard & Bahls AG.
According to the statement, potential EPC contractors announcing their interest to take part in the project on or before 1 July 2019 will receive a pre-qualification package.
German LNG Terminal GmbH claims that the binding (lump-sum) offers will have to be prepared and submitted by pre-qualified bidders between August and October this year. The winning bidder(s) will reportedly be announced during 1Q20, followed by the release of an early (or limited) notice to proceed to commence scheduled early activities.
The joint venture plans to build, own and independently operate a combined import and distribution LNG terminal in Brunsbuettel, Northern Germany. The terminal’s business model is characterised by the provision of multi-purpose services as well as open access to terminal capacity.
According to the statement, Brunsbuettel has a number of advantages:
- It is located near the North Sea along the Elbe river, and close to the Kiel Canal. Therefore, it has good access to markets in North-West Europe, Scandinavia and the Baltics.
- It also located close to the port of Hamburg with according LNG bunker potential.
- Its location within the ChemCoast Park includes industrial customers with large energy requirements.
- It also has strong support from both local and regional government. In addition, German LNG Terminal GmbH claims that the German federal government supports an LNG terminal as it contributes to gas supply diversification and provides efficient supply chains for LNG as an alternative fuel.
According to the statement, the market’s reaction to the project has been positive, with several heads of agreements (HOAs) already signed with future potential customers. The application for exemption from regulated third party access and the permit application are based on the 8 billion m3/yr terminal capacity.
Read the article online at: https://www.lngindustry.com/regasification/20062019/german-lng-terminal-commences-epc-prequalification-process/
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