Rostock LNG Terminal

From Global Energy Monitor
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Rostock LNG Terminal is a proposed LNG terminal in Rostock, Germany.

Location

The terminal would be located in Rostock, Germany.

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Project Details

  • Parent: Novatek, Fluxys
  • Location: Rostock, Germany
  • Coordinates: 54.181909, 12.088052 (approximate)
  • Capacity: 0.3 mpta[1]
  • Cost: US$100 million[2]
  • Financing: €19.4 million (US$22.8 million) grant from the EU's Connecting Europe Facility[3]
  • Status: Proposed
  • Type: Import
  • FID Status: Pre-FID[4]
  • Start Year: 2023

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

A joint venture between Russia's Novatek and Belgium's Fluxys plans to build a small-scale LNG terminal along the Baltic Sea in Rostock. A final investment decision is expected in 2019, and it is expected to be completed in 2023. The German government has called its efforts to import LNG "a gesture to our American friends" and a way to diversify its energy supply as it phases out coal.[5]

There is no regasification capacity and pipeline connection planned for the Rostock LNG terminal. The LNG supplies will be entirely used either as a transport fuel for ships and trucks at the local harbor at Rostock, or for distribution as a liquid by trucks and rail. Novatek is expected to be the main supplier of LNG to the terminal via its Vysotsk LNG Terminal near St. Petersburg.[2]

Financing

In July of 2020, the European Union provided €19.4 million (US$22.8 million) worth of grants to help fund construction and operation of the project.[3]

Articles and resources

References

  1. "NOVATEK and Fluxys Plan to Build an LNG Terminal in Rostock". Novatek. Retrieved 2020-01-15.
  2. 2.0 2.1 Liquefied Natural Gas In Germany Eurasian Ventures, Nov. 18, 2020
  3. 3.0 3.1 Ron Nissimov, EU Grants Promote Use of LNG as Transportation Fuel Natural Gas Intelligence, Jul. 30, 2020
  4. Interview: Novatek steps on gas pedal with Arctic LNG 2 construction, plans downstream LNG business in Germany and Poland Oil and Gas 360, December 9, 2019
  5. Marina Kormbaki, New market for LNG as Germany moves to add import terminals Houston Chronicle, August 29, 2019

Related GEM.wiki articles

External resources

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