Commission approves EUR 4.06 billion German aid for four Floating LNG Terminals
Today, the European Commission (Commission) has approved a EUR 4.06 billion German state aid measure to support the operation of four Floating Storage and Regassification Units (FSRUs) for importing Liquefied Natural Gas (LNG). Operated by Deutsche Energy Terminal (DET), the measure aligns with the REPowerEU Plan, which aims to diversify energy supplies and ensure gas security in the EU. Germany chartered the FSRUs during the energy crisis triggered by Russia’s invasion of Ukraine and the cessation of pipeline gas supplies. Located in Brunsbüttel, Wilhelmshaven, and Stade, these FSRUs offer a temporary solution until permanent onshore LNG terminals are completed. The aid compensates DET for operational losses incurred due to high charter costs during the crisis, with safeguards in place to prevent market distortions. The Commission found the measure necessary, proportionate, and compliant with Article 107(3)(b) TFEU.
The non-confidential version of the decision will be made available under the case number SA.105137 in the state aid register.
For more information, see the PR.