Battle for LNG: Energos Power leaves Mukran – What does that mean for us?

Battle for LNG: Energos Power leaves Mukran – What does that mean for us?

Since June 16, 2025, the news about the regasification ship “Energos Power” has been on everyone's lips. After the mutual termination of the charter agreement between Deutsche ReGas and the Federal Ministry for Economic Affairs and Energy, the ship is now sailing off Alexandria and has left the port of Mukran behind. Loud NDR The ship was withdrawn in March 2025 after Deutsche ReGas pointed out increasing competition from other LNG terminals. The contract will be terminated retroactively to February 2025 and the outstanding issues have been clarified - however, details of the terms of the agreement are not known.

What is exciting is that the termination is due to losses suffered by Deutsche ReGas. They have shifted responsibility to Deutsche Energy Terminals (DET), which is struggling with undercutting. So reported Maritime Executive that DET, a state-owned company, significantly influences market conditions with its prices. DET's pricing policy appears to not only be putting a strain on Deutsche ReGas's business, but also having an impact on the entire LNG landscape in Germany.

The location of the LNG terminals

At the moment only the regasification ship “Neptune” is still in the port of Mukran. The market for liquefied natural gas has been subject to significant movement as a result of the Ukraine conflict. Dependency on Russian gas supplies has fallen dramatically in recent years. In 2021, imports were over 40%, while in 2023 they were only 14.8%, according to the results of the SWP Berlin show. Demand in Europe and Asia is competing for LNG supplies, driving up prices.

Natural gas remains indispensable for the stability of the energy supply. Switching to liquefied natural gas is becoming increasingly important and is increasingly seen as a key resource to ensure energy supply in the transition phase to a fossil-free energy system. The technology has developed rapidly since the 1970s until today and now plays a central role in the European energy markets.

The look into the future

The events surrounding “Energos Power” are part of a much bigger story. The growing uncertainty and geopolitical conditions represent a challenge not only for Germany, but for the whole of Europe. The LNG market has taken on a new face due to the changes of the last few years. With North America now acting as a net exporter and the EU increasingly relying on LNG imports, competition is becoming fiercer. The question remains how the industry will develop and whether more stable pricing is on the horizon.

In the meantime, it remains to be seen what influence the current competitive situation will have on security of supply in Germany. The market is changing and changes are in the interests of both consumers and the economy - a good hand on the part of those responsible will be crucial.