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FSRU Neptune Arrives off Lubmin, Germany

1/31/2023

Following the arrival (or provision) of the Neptune, an FSRU (Floating Storage & Offloading Unit), in December 2022, TotalEnergies has announced the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). This project will consolidate TotalEnergies' position as the world's third largest LNG player and Europe's leading regasification player.

Located on the Baltic Sea coast in northeast Germany, the Port of Lubmin took delivery of the country's first floating import terminal for liquefied natural gas in December 2022. Chartered by TotalEnergies, the Neptune FSRU is now being operated by Deutsche ReGas.

FSRUs - floating storage regasification units - are water-based LNG terminals. Ships carrying liquefied natural gas (LNG) moor alongside the FSRU and unload their cargo, which is stored in liquid format before being regasified. These terminals are capable of quickly transporting LNG using few non-existing infrastructures, i.e. a jetty and a connection to a high-pressure pipe for unloading the gas. The regasified LNG is then exported to onshore facilities and injected into the gas transmission network.

The Neptune boasts an annual regasification capacity of 5 billion cubic meters of gas. The terminal is now operational and will cover 5% of the country's annual consumption. The Company holds a regasification capacity of 2.6 billion cubic meters of gas a year within the terminal.

The commissioning of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG) will reinforce the TotalEnergies' status as one of the main LNG suppliers in Germany. As a testament to the project's importance, the site's inauguration was attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and regasification unit (FSRU) and supplying LNG, is helping secure the country's energy supplies by covering approximately 5% of German demand.