ENERGOS POWER

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Charter contract with federal government terminated

The company Deutsche Regas is shutting down the charter contract with the federal government for the 'Energos Power', one of the two LNG ships at the "Deutsche Ostsee" liquefied gas terminal in Mukran on Rügen: The ship belongs to the "Deutsche Ostsee" energy terminal. The reason was cited as being "the ruinous pricing policy" of Deutsche Energy Terminal GmbH (DET). DET is 100 % owned by the federal government. It operates four LNG ships in Wilhelmshaven, Brunsbüttel and Stade. The "Deutsche Ostsee" terminal in Mukran consists of the two ships "Neptune" and "Energos Power" and is operated by Deutsche Regas. Deutsche Regas did not charter the "Neptune" from the federal government, but from the energy supplier Total. The federal government procured the "Energos Power" at short notice during the gas supply crisis in 2022 and won Deutsche Regas as the operator. Industry circles said at the time that the company would pay a total of 500 million euros in charter to the federal government until 2032.