Germany fills all LNG regasification slots at Wilhelmshaven terminals
Germany's state-owned Deutsche Energy Terminal GmbH (DET) said it had successfully allocated all available regasification slots for its Wilhelmshaven 1 and 2 LNG terminals in its latest marketing round, further bolstering energy security for Germany and Europe.
DET is responsible for marketing and operating floating terminals that turn liquefied natural gas back into gas and feed it into Germany's gas network.
In response to Moscow's invasion of Ukraine in 2022, Germany has turned to global seaborne LNG to replace the Russian gas supplied by pipelines on which it used to depend.
The company said that between June 23 and July 1, 23 market participants booked all 77 short-term capacity slots for 2025 (Wilhelmshaven 2) and 2026 (Wilhelmshaven 1 and 2) through the digital platform Prisma. Both slots with and without delivery obligations were fully subscribed, according to the company.
Average prices for the slots ranged from 0.22 to 0.40 euros per million British thermal units (mmBTU), depending on the terminal, year, and delivery obligation.
The company cited strong demand, with a record number of registered traders participating in the auction.
"We are very satisfied with the outcome of our latest marketing round," DET Managing Director Peter Roettgen said in a statement.
"The complete allocation of all offered slots and the continued high level of interest underline the importance of our terminals for stable and reliable energy supply in Germany and Europe."
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