Hanseatic Successfully Concludes Non Binding Phase of the Open Season

Source: www.gulfoilandgas.com 2/22/2021, Location: Europe

Hanseatic Energy Hub announces the successful conclusion of the non-binding phase of the Open Season with a confirmed market interest of global market participants in the planned capacity of the terminal.

Danielle Stoves, Commercial & Regulatory Director of Hanseatic Energy Hub, on this:
" We have designed the non-binding phase of our Open Season in such a way that we not only secure quantities, but also actively involve our potential customers with their needs. I am very pleased to see how our customers have accepted this process. This has helped us to improve our products and give us a head start in drafting the first version of our Terminal User Agreement. "

This first phase of the Open Season also aroused the interest of very large global market players with players with whom Hanseatic Energy Hub had not previously signed any letters of intent. Manfred Schubert, partner and managing director of the Hanseatic Energy Hub says: " The bids and volume inquiries we received confirm that our proposal to base the development on a capacity of 12 billion m³ / a was the right decision. We are coming according to plan with ours technical design and the approval process. "

Hanseatic Energy Hub will now work closely with potential customers to finalize the detailed commercial offer and the Terminal User Agreement before the start of the binding phase in the 2nd quarter of 2021. This phase will be open to all other interested parties. Danielle Stoves is enthusiastic about the balance sheet: "We got off to a great start!"


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