KfW, Gasunie and RWE to build LNG terminal in German Brunsbüttel

Oil&Gas

Germany – On behalf of the German Federal Government, the Kreditanstalt für Wiederaufbau (KfW), the Dutch state-owned company Gasunie, and RWE have signed a Memorandum of Understanding for the joint construction of a liquefied natural gas (LNG) import terminal at the Brunsbüttel site.

Through a financial contribution on behalf of the German government, KfW will own a 50% stake in the LNG terminal. Gasunie will be in charge of the LNG terminal.

The terminal, which has an annual regasification capacity of 8 billion m3, will provide a direct source of natural gas for the German market from regions that are not served by gas pipelines. As a result, the terminal improves supply security and increases North Western Europe’s independence from pipeline-bound natural gas imports. The project partners are working hard to get the project up and running as soon as possible, while also meeting all licensing and state aid requirements.

Future conversion

The terminal will be converted in the future to allow for the import of green hydrogen derivatives such as ammonia.

The Dutch Minister of Finance, Sigrid Kaag, said: “With the construction of an LNG terminal in Brunsbüttel, the Dutch state-owned company Gasunie is making an important contribution to the security of gas supply in Europe. A good step towards reducing dependence on gas imports from Russia.

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