First German Land-Based LNG Terminal Set for Construction [BNN Bloomberg (Canada)]
ENAGAS SA UNSP/ADR (ENGGY)
NASDAQ:AMEX Investor Relations:
enagas.es
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Source: BNN Bloomberg
Total investment in Hanseatic Energy Hub GmbH's plant in Stade — near Hamburg — now amounts to around €1.6 billion ($1.8 billion), with €1 billion for construction costs, according to Arturo Gonzalo, chief executive officer of Enagas SA, which will operate the facility. The Spanish gas grid company also increased its stake in the venture to 15% from 10% previously, he said at the firm's annual general meeting. HEH last year estimated the planned investment volume at around €1 billion. The project underlines Germany's commitment to LNG after the energy crisis forced Europe's biggest economy to wean itself off Russian pipeline supplies. The facility is set to receive its first cargo in 2027 and the project is on schedule, HEH Chief Executive Officer Jan Themlitz said in an interview. Two other land-based facilities are also poised to open on the country's North Sea coast around the same time. Tree Energy Solutions is aiming for a final investment decision on its land-based termin
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News
- Spain's Enagas Q1 net profit rises 20% [Reuters]Reuters
- Europe's Top LNG Plant Operator Wants to Move Into Ammonia, CO2 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Europe's Top LNG Plant Operator Wants to Move Into Ammonia, CO2 [BNN Bloomberg (Canada)]BNN Bloomberg
- SWTCH Energy Secures $27.2M in Series B Funding to Eliminate EV Charging Gaps in Buildings [Yahoo! Finance]Yahoo! Finance
- Russian LNG accounts for a quarter of Spanish gas imports in March [Reuters]Reuters