Vulcan UC LNG Report: European LNG Regasification Project Updates (NON - CLIENT VERSION)

In collaboration with SynMax Leviaton, SynMax Vulcan this week focused its efforts on expanding the monitoring and analysis of European LNG regasification projects. Vulcan identified and incorporated 13 new projects, bringing the total number of actively monitored European regasification projects via satellite imagery to 16. These projects span various developmental stages, including under construction, pre-Final Investment Decision (FID), and speculative proposals. Clients of both Vulcan and Leviaton have access to the satellite imagery along with our analysis, available for download via Microsoft Excel, API, or Snowflake.

Following an extensive analysis of recent satellite imagery, SynMax Vulcan & Leviaton projects the total European regasification receiving capacity to reach [REDACTED] million tonnes per annum (mtpa) by 2028. Among the monitored projects, five are confirmed under construction that will come online in the next two years:

• Belgium: Zeebrugge Expansion 3 (adding 1.3 mtpa regas capacity)
• Germany: Stade Onshore and Brunsbüttel Onshore (adding 9.8 & 7.25 mtpa regas capacity respectively)
• Netherlands: Gate LNG Expansion (adding 2.9 mtpa regas capacity)
• United Kingdom: Grain LNG Phase 4 (adding 3.8 mtpa regas capacity)

Vulcan’s satellite observations confirm active construction activities at these sites, aligning with their respective scheduled operational timelines.

Highlighted Project Updates:

1. Grain LNG Phase 4 (United Kingdom)

The Grain LNG Terminal, situated on the Isle of Grain approximately 37 miles east of London, is Europe's largest LNG import facility. Phase 4 includes the construction of an additional storage tank with a 190,000 kL capacity and an incremental 3.8 mtpa regasification capacity. This expansion will elevate the terminal’s total regasification capacity to 18.6 mtpa. Satellite imagery captured on May 5, 2025, clearly indicates the storage tank is nearing completion. The project’s parent company, National Grid, anticipates completion by Q2 2025, a timeline Vulcan confidently validates.

2. Gate LNG Expansion (Netherlands)

Gasunie and Vopak are expanding the Gate LNG Terminal by adding a fourth storage tank adjacent to the existing three, significantly boosting the terminal’s total capacity. Satellite imagery analysis by Vulcan clearly demonstrates that construction of the new tank is advanced and nearing completion, strongly supporting the projected operational commencement in 2026.

3. Stade Onshore LNG Terminal (Germany)

Stade LNG Terminal, which mirrors the Brunsbuttel LNG terminal concept, previously employed the Transgas Force FSRU which left the country in late January 2025 following a contractual dispute between Deutsche Energy Terminal (DET) and Hanseatic Energy Hub (HEH) and was similarly impacted by the gas crisis in Germany following the Russia-Ukraine conflict, with a planned completion date in 2027. Recent satellite data from Vulcan confirms that construction activity remains active, with key infrastructure elements in place as the project moves toward its 2027 target.

SynMax Vulcan continues to leverage advanced satellite analytics to deliver precise and timely updates, ensuring robust insights into European LNG infrastructure developments.

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