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German Natural Gas Import Terminal Delayed by Market Volatility

  • There’s also uncertainty about the future of gas in Europe
  • All LNG projects in the country are facing several headwinds
Updated on

A proposed liquefied natural gas terminal in Germany is facing delays as wild price swings spook potential clients already contending with uncertainty about the future of fossil fuel projects in Europe.

Hanseatic Energy Hub, the developer of the facility near Hamburg, decided to postpone a crucial step toward a final investment decision, said Danielle Stoves, commercial and regulatory director at the company. The firm had planned to offer transportation capacity to potential customers this month, but the key procedure has now been delayed until at least the summer.