Gas infrastructure company Fluxys and shareholders of Hanseatic Energy Hub, developer of the LNG terminal project in Stade near Hamburg, Germany, have agreed on Fluxys joining the project as industrial partner.
Closing of the agreement is expected upon completion of the default merger clearance procedure with the competent authorities. The entry of Fluxys into the project complements the recent investment into Hanseatic Energy Hub by Partners Group, a global private markets firm, on behalf of its clients.
The LNG terminal project would provide the gas market in Europe with an additional entry point by complementing an existing industrial cluster in Stade. The facility is to offer substantial send-out capacity of natural gas and unlock LNG as alternative fuel in shipping and heavy duty transport as well. The project is an opportunity for Fluxys to deliver on its growth ambition in Europe by strengthening and diversifying its infrastructure presence in Germany.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/08032021/fluxys-joins-stade-lng-terminal-project/