German LNG Terminal GmbH, JV behind the LNG terminal project in Brunsbuettel, will start the engineering, procurement, and construction (EPC) prequalification process this month.
The company said that potential EPC contractors interested to participate in the project would receive a prequalification package.
Binding offers will have to be prepared and submitted by pre-qualified bidders between August and October 2019.
The winning bidders will be announced during the first quarter of 2020, followed by the release of a notice to proceed to begin scheduled early activities.
German LNG Terminal, a joint venture of Dutch companies Vopak and Gasunie as well as German company Oiltanking, plans to build, own, and independently operate a combined import and distribution LNG terminal in Brunsbuettel Germany.
The business model of the terminal is characterized by the provision of multi-purpose services as well as open access to terminal capacity.
The terminal in Brunsbuettel will be located near the North Sea along the Elbe river, and close to the Kiel Canal and will have easy access to markets in northwest Europe, Scandinavia, and the Baltics.
It is also close to the port of Hamburg, which has LNG bunker potential and the ChemCoast Park that includes industrial customers with high energy needs.
It is worth noting that the German federal government supports the construction of such a terminal as it contributes to gas supply diversification and provides efficient supply chains for LNG as an alternative fuel.