The European Commission has approved a €40 million German support measure for the construction and operation of a new land-based liquefied natural gas (LNG) terminal in Brunsbüttel.
ccording to the Commission, the LNG terminal will be constructed taking into account the technical specifications necessary to allow its conversion into a terminal for the import of renewable energy carriers (e.g. renewable hydrogen or renewable hydrogen derivates), thereby avoid a lock-in of gas.
The new LNG terminal in Brunsbüttel will improve gas supply and infrastructure in Germany and thereby contribute to the achievement of the EU’s goals in terms of security and diversification of energy supplies.
The terminal will be converted after 15 years of operation, at the latest by 2043. As the commission claimed, the construction of the LNG terminal will contribute to the security and diversification of energy supplies in Germany and help end dependence on Russian fossil fuels in line with the REPowerEU Plan.
To remind, the International Gas Union (IGU) had mentioned in its latest World LNG report that 2023 is widely expected to be a revival year for the LNG bunkering market.
ICU had claimed that as the global shipping fleet turns to LNG to decarbonise and adhere to stricter environmental regulations, the case for LNG bunkering remains strong.