Vinci Signs Contract to Design, Build Germany's First LNG Terminal
October 06 2022 - 12:01PM
Dow Jones News
By Pierre Bertrand
Vinci SA said Thursday that it has signed an engineering,
procurement and construction contract to build Germany's first
liquefied natural gas terminal.
The terminal, which will convert pressurized liquefied natural
gas back into its natural gaseous form, will have an annual
production capacity of 10 billion cubic meters of natural gas and
will include two 165,000 cubic-meter storage tanks, Vinci said.
It will be built in the north of the country at the mouth of the
Elbe River on the North Sea coast and allow Germany to import
liquefied natural gas by sea. The project comes amid an energy
crisis affecting the country and whole of Europe after Russia's
invasion of Ukraine.
The French infrastructure company was awarded the contract
through its Cobra IS subsidiary working in consortium with Spanish
company Sener.
The facility is expected operational in 2026 after 42 months of
work.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 06, 2022 12:46 ET (16:46 GMT)
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