Vinci Signs Contract to Design, Build Germany's First LNG Terminal

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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