Germany Launches Second LNG Terminal FSRU Excelsior at Wilhelmshaven Adding 1.9 bcm Gas, Heating 1.5 Million Homes

Germany has commenced commercial operations at its second liquefied natural gas (LNG) import terminal located at Wilhelmshaven port. The floating storage regasification unit (FSRU) Excelsior is expected to add up to 1.9 billion cubic meters (bcm) of gas this year, sufficient to heat approximately 1.5 million households. This development enhances Germany's energy security by diversifying supply sources and reducing reliance on Russian gas. The increased LNG imports have contributed to a decline in European gas prices. The new terminal's operation marks a notable advancement in Europe's energy transition amid efforts to stabilize gas markets following a less volatile summer storage period.