Entrade GmbH, a wholly owned subsidiary of our company, in a consortium formed together with Técnicas Reunidas and FCC, has signed an EPC (Engineering, Procurement and Construction) contract with the Hanseatic Energy Hub company for the Liquefied Natural Gas (LNG) Regasification Terminal to be built at the Stade river port in Hamburg, Germany.
The terminal, which will have a nominal annual capacity of 13.3 billion m3, will take 45 months to complete. The contract value is 1 billion Euros and the share of Entrade GmbH is approximately 25%. Following the first phase of 5 months for preliminary and engineering works, the second phase, the main works, is planned to commence with the final investment decision to be taken by the client.