Allen & Overy advises lenders on Germany's first land-based terminal for liquefied gases

Read Time
2 mins
Published Date
Mar 25, 2024
Allen & Overy has advised the financing banks in connection with the project financing of the Hanseatic Energy Hub, which is being developed as Germany's first land-based terminal for liquefied gases by Hanseatic Energy Hub GmbH (HEH) in Stade.

The Hanseatic Energy Hub will make an important contribution to securing Europe’s energy supplies. Around one billion Euros will be invested in the construction of the terminal. Commissioning is planned for 2027. In the initial expansion stage, a zero-emission LNG terminal is set to go into operation, with infrastructure also approved for bio-LNG and SNG, followed by ammonia as a carbon-neutral, hydrogen-based energy source.

The HEH consortium consists of Partners Group, Enagás, Dow and the Buss Group.

The Allen & Overy team was led by counsel Dr Jan-Hendrik Bode and senior associate Tom Haeseler and comprised also partners Thomas Neubaum and Wolfgang Melzer, counsel Stefan Kuhm, senior associates Kathrin Pätzold-Schwarz, Can Altan and Alan Markgraf, as well as associates Ilke Meissner, Felix Fitschen and Sascha Franke (all Banking & Finance, Frankfurt).

Furthermore, the team included partners Dr Udo Olgemöller (Public Law), Dr Heike Weber (Tax, both Frankfurt), Dr Christian Hilmes (Real Estate), Max Landshut (Corporate/M&A, both Hamburg), counsels Sebastian Schulz (Employment Law, Frankfurt), Rene Galle (Competition Law, Hamburg), associates Hauke Jung (Real Estate, Frankfurt), Carl-Philipp Hoepner (Real Estate, Hamburg), Anne Pelzer (Employment Law, Frankfurt), Juliana Palavra Gorgueira (Corporate/M&A), Katharina Hillmer (Competition Law, Hamburg), Dr Manuel Köchel (Tax) and Janina Müller (Public Law, both Frankfurt) as well as senior transaction coordinator Oliver Ahnseel and transaction officer Angelina Lagoda (both Real Estate, Hamburg).

Further advice was provided by A&O teams in Madrid, Luxembourg, London and New York.

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