Germany’s DET Sets LNG Auctions at Wilhelmshaven, Brunsbuettel Terminals for Early February
(Reuters) — Germany's Deutsche Energy Terminal (DET) has announced short-term auctions for regasification capacity of liquefied natural gas (LNG) at its Wilhelmshaven and Brunsbuettel LNG terminals on Feb. 4, 5 and 6, a note on its website said.
Pipeline gas supply from Russia to central Europe ended on Jan. 1 so some affected countries are relying on alternative supply routes and more LNG deliveries in the region arriving on ships.
Traders and utility companies pay close attention to the announcements to be able to secure volumes for their customers in winter, when demand runs high and stocks are being drawn down.
Dated Jan. 14, the note said the auctions for obligation to deliver (OTD) slots, describing a legal term by which the seller must hand over the gas, would be held on Feb. 4 at both terminals.
Auctions for no obligation to deliver (NOTD), another term that excludes fulfilment under certain circumstances, would be held on Feb. 5 for Wihelmshaven and on Feb. 6 for Brunsbuettel, it said.
The slots include services around the conversion of super-cooled liquid from the ships to gas, called regasification, storage of their regasified volumes and their subsequent feed-in to onshore gas grids.
DET is a wholly owned subsidiary of the German government, and both terminals are floating storage and regasification units (FSRU) that were installed to counter the loss of Russian pipeline supply to Germany in 2022.
There has been a rise in flows of LNG via Germany since the start of the year, also helped by the scrapping of a German fee at cross-border points.
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