KN became the commercial operator of four German LNG Terminals
The international operator of energy terminals KN begins the year 2024 with a victory in the public tender for the commercial operation of four liquefied natural gas (LNG) terminals on the German North Sea coast. The company has signed an agreement with Deutsche Energy Terminal GmbH (DET), a German state-owned company that operates state-owned LNG terminals.
DET, owned by the German Federal Ministry of Economics and Climate Protection, is the first LNG terminal in Germany to operate on the North Sea coast, the first LNG terminal in Wilhelmshaven and LNG in Brunsbüttel. terminal operator. It will also be responsible for two more terminals currently under construction: the second LNG terminal in Wilhelmshaven and the LNG terminal in Stade on the Lower Elbe River. The
two-year contract between KN and DET covers the commercial operation of all four LNG terminals. Until now, KN had already provided these services to the first LNG terminals in Wilhelmshaven and Brunsbüttel, but after DET took over their management, a new tender for the consolidated commercial operation of all four LNG terminals was announced
. , would secure new LNG supply sources. The German government uses state-owned LNG terminals to ensure a reliable supply of energy to the domestic market. A total of five FSRU-based LNG import terminals are expected to be operational in Germany this year, four of which will be operated by DET.
According to the contract signed by KN and DET, the commercial management services of the four LNG terminals will include the management of commercial and logistics operations, gasification processes, gas accounting and reporting, development and provision of IT systems and tools, and other terminal operation services tailored to the client's needs.
The concluded contract also includes the obligation of capacity building and transfer of expert KN knowledge to DET employees. During the term of the contract, KN aims to train the local team so that they can later ensure the commercial operation of the terminals themselves.
Darius Šilenskis, CEO of KN, has no doubt that KN's success in the competition was due to the work it already has on the German market: "By providing commercial operation services for two German LNG terminals, we had the opportunity to demonstrate our unique competences, expert knowledge, professionalism and the ability to meet the expectations of our customers in a qualitative and prompt manner ".
D. Šilenskis hopes that assuming an even greater role in the German LNG terminal projects from the beginning of January will allow KN to strengthen its position in the European LNG terminal market, as the company continues to consistently adhere to its strategic direction of being the first choice for customers developing LNG terminals worldwide.
Dr. Peter Röttgen, CEO of DET, is delighted with the results of the tender: "After the first positive experience of working with KN on the Brunsbüttel and Wilhelmshafen projects, we now look forward to continuing this fruitful and professional cooperation in all DET companies."
KN is an international operator of energy terminals that ensures safe and reliable liquid energy flows, cargo of chemicals and raw materials for users of the Baltic Sea region, and helping customers around the world with knowledge and skills to develop sustainable energy infrastructure projects. Operator in Lithuania and Brazil, KN also provides commercial operation services for two of the three floating LNG terminals in Germany.