Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany

(Reuters) — Spanish companies Tecnicas Reunidas and FCC, as well as Turkey's ENKA, have won a contract to build an LNG regasification terminal in Germany worth about 1 billion euros ($1.09 billion), Tecnicas Reunidas said.

The terminal will be in the river port of Stade in the region of Hamburg and will have a capacity of 13.3 billion cubic meters of gas a year, Tecnicas Reunidas said in its statement on Tuesday.

The terminal, which would be ready in 2027, will include infrastructure to handle other green gases such as hydrogen, the statement said.

Germany has scrambled to diversify its gas sources since the invasion of Ukraine and the disruptions to the supply of natural gas from Russia. Liquefied natural gas shipped on big tankers from providers such as the United States and Qatar is the main alternative, though it requires new infrastructure.

Tecnicas Reunidas said the share of the project it would handle would be worth 500 million euros, and FCC and Enka would handle the rest.

($1 = 0.9146 euros)

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