24 April 2024
‘There still is a need for long-term regas capacity’: Hanseatic Energy Hub
Publication date: 24 March 2021
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Borrowing its name from the Hanseatic League, the commercial confederation of port cities that dominated maritime trade in northern Europe and Baltic Sea during the later Middle Ages, Hanseatic Energy Hub is the project developer of the planned Stade LNG terminal in Germany. Located on the Elbe River, around 50 km west of Hamburg, Germany’s biggest port, and with a targeted start-up date in 2026, Hanseatic Energy Hub plans to offer not only conventional regas services at Stade, but also access to LNG for small-scale applications on land and at sea.
At the same time, according to Danielle Stoves, commercial and regulatory director of Hanseatic Energy Hub, the past year’s acceleration of the decarbonisation agenda has made it critical for Stade – and, for that matter, any LNG terminal currently vying for final investment decision (FID) – to ensure its operations are friendly to the environment and future-proof its offering.
Stade, Stoves tells LNG Business Review, plans to set the benchmark when it comes to being a sustainable, zero-emissions terminal, and eventually become a key gateway for biofuels, hydrogen and other new fuels.