German Stade LNG hub agrees on land-based terminal from 2027 [Yahoo! Finance]
ENAGAS SA UNSP/ADR (ENGGY)
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Source: Yahoo! Finance
terminal from 2027, costing around 1 billion euros ($1.1 billion), project firm Hanseatic Energy Hub (HEH) said on Thursday. The move is significant as part of Germany's long-term quest to increase LNG import capacity, which is later to be expressly used for green gases since Moscow's invasion of Ukraine in February 2022 forced it to find alternatives to Russian gas. "Following the successful completion of marketing and approval at the end of 2023, the privately organised consortium, consisting of Partners Group, Enagas, Dow and the Buss Group, have now successfully secured the financing," HEH said in a statement. Partners Group was acting on behalf of its customers, it said. Enagas is a Spanish grid operator and Buss a logistics firm while Dow Chemicals has a site in the vicinity. The official groundbreaking ceremony is due to take place in the coming weeks, it added. A first floating regasification vessel (FSRU) arrived at Stade for test operations earlier this month, wh
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News
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- 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