DET: Germany's Wilhelmshaven Liquefied natural gas terminal will not operate in Q1

According to its operator, the government-owned Wilhelmshaven terminal in Germany, which was built to address Europe's energy shortage, will not be able to receive any LNG deliveries until at least the first quarter 2025.

In a market announcement, Deutsche Energy Terminal GmbH said that there would be no regasification activities at the terminal from Jan. 5, 2025 to April 1, 2025. However, this is not final, and plans could change in the short term.

DET, the company that runs the LNG terminals Berlin built during the peak of the energy crisis on the continent, has not explained why Wilhelmshaven will not be operating during this period.

Uniper is the technical operator of this terminal that receives the majority of its LNG from United States. Berlin rescued Uniper in 2022 when Russia, Berlin's former main gas provider, stopped delivering.

In a press release, DET stated that "our capacities have already contributed significantly to the calmness of the market. The gas supply has stabilized, and the price of gas has since dropped dramatically."

After the immediate emergency measure, it is important to define the framework for the further marketing of DET's Terminals which will be accepted by market. We are preparing for this now, taking into consideration all market and framework conditions." (Reporting and editing by Rachel More, Riham Alkousaa and Christoph Steitz)

(source: Reuters)