German FSRU Operator Cancels Charter, Citing "Ruinous" Gov’t Competition

German LNG terminal operator Deutsche ReGas has terminated a charter agreement for a full-size FSRU that it brought in last year, when Germany was working hard to bring on extra capacity to replace Russian gas volumes. In a statement, the company said that it was losing money on the arrangement and blamed Deutsche Energy Terminals (DET), a state-owned company set up to organize LNG imports and ensure the security of the nation’s energy supply. 

The cancellation affects the Energos Power, a 174,000 cubic meter FSRU that started operations at the port of Mukran in February 2024. The Energos Power is the larger of the two FSRUs in th…