The Deutsche Ostsee LNG import terminal, Germany’s first privately funded LNG terminal, which is backed by Macquarie Capital and its 100 percent owned portfolio company WaveCrest Energy, has received its operating license.
The project will play a critical role in supplying natural gas to Germany for this and future winters, with capacity to supply up to 5.2 billion cubic meters (bcm) of natural gas per year. The terminal delivered its first natural gas in early January.
Macquarie Capital and WaveCrest Energy supported the project with two rounds of investment into Deutsche ReGas. In addition to providing development and construction capital to the project, WaveCrest provided critical technical, operational and commercial capabilities to help bring the terminal to completion.
After this initial phase of the terminal project, a floating storage and regasification unit, small-scale LNG shuttle vessels and other associated infrastructure, are in the final stages o
