What Deutsche Regas does

Deutsche ReGas GmbH & Co. KGaA is a privately held German energy infrastructure company founded in April 2022 and headquartered in Lubmin, Mecklenburg-Vorpommern. The company develops and operates floating LNG (liquefied natural gas) import terminals using Floating Storage and Regasification Units (FSRUs), and is preparing to extend into green hydrogen production and import. Its flagship asset, the ENERGIE-Terminal "Deutsche Ostsee" in the industrial port of Sassnitz/Mukran, has been in regular commercial operation since September 2, 2024, with a total regasification capacity of up to 13.5 billion cubic meters of natural gas per year and a design that accommodates up to two FSRUs and up to 110 LNG carrier calls annually. Deutsche ReGas is the operator of the first and only privately financed floating LNG terminals in Germany.

The company generates revenue through usage-based throughput tariffs for LNG regasification at the Deutsche Ostsee terminal — published at 1.877 million USD per TWh, excluding variable and operational fees — supplemented by planned future fees from green hydrogen electrolysis and hydrogen import services. Customers are large gas suppliers, energy traders, and industrial gas buyers that need access to the German gas transmission network via direct injection into the GASCADE-operated Baltic Sea Connection Pipeline (OAL/EUGAL/NEL system), which Deutsche ReGas identifies as the largest direct injection point of any German LNG terminal. Future products include the H2-Elektrolyseur Lubmin (PEM electrolysis, 210 MW Phase 1, expandable to 400 MW, producing up to ~30,000 t/year of green hydrogen in Phase 1 and up to ~80,000 t/year in Phase 2) and the H2-Importterminal Lubmin, planned as the world's first floating terminal converting green ammonia to green hydrogen using Höegh Evi's cracker technology (~30,000 t/year).

Distribution is exclusively B2B, with customers engaging Deutsche ReGas via direct terminal-user inquiries ([email protected]). The company's growth strategy centers on capitalizing on Germany's post-Russian-gas energy security needs, leveraging privately financed infrastructure as a differentiator against state-subsidized competitors, and transitioning its port-side asset base into a hydrogen hub connected to the planned ~9,200 km German hydrogen core network. Deutsche ReGas is associated with the "Flow – making hydrogen happen" consortium led by GASCADE, which is converting ~1,100 km of natural gas pipeline for hydrogen transport. The company has also filed a lawsuit (January 2026) challenging EU approval of €4.96 billion in state subsidies to competing state-controlled FSRU terminals, arguing the subsidy regime distorts competition.

Name

Deutsche Regas

Legal name

Deutsche ReGas GmbH & Co. KGaA

Website

https://deutsche-regas.de

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Deutsche ReGas is a privately held German energy infrastructure company that develops and operates floating LNG import and regasification terminals, serving large gas suppliers and energy traders via direct injection into the German gas grid, with planned expansion into green hydrogen production and import.

Ownership category

akta.pro rank

Product category

LNG Regasification & Energy Infrastructure Services

SIC

Natural Gas Transmission (4922)

akta.pro primary industry

LNG Regasification Terminals (Onshore & FSRU) (EUALAFAB)

akta.pro secondary industries

LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL), LNG Storage, Hub & Regas Capacity Optimization (Terminal Slots, Send-out) (EUAGAHAD), Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF), Port, Bunkering & Export Infrastructure for PtX Fuels (Marine Loading, Bunkering, Logistics) (EUAFAFAI)

Keywords

• LNG regasification
• Floating storage regasification
• Green hydrogen electrolysis
• Ammonia import terminal
• Gas grid injection

Headquarters

HQ city

Lubmin

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Terminal Throughput Fees: Deutsche ReGas charges throughput fees for LNG regasification services at the Deutsche Ostsee terminal. The tariff covers cargo transfer, storage, and regasification services. The fee structure is usage-based, calculated per TWh of throughput capacity.
2. Hydrogen Production and Import Services: Planned revenue stream from hydrogen electrolysis production and hydrogen import terminal operations at Lubmin. Fees for hydrogen throughput and processing services to be charged to industrial customers connected to the German hydrogen core network.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Deutsche ReGas develops and operates floating LNG regasification terminals and is building green hydrogen production and import infrastructure. Its core commercial asset is the ENERGIE-Terminal "Deutsche Ostsee" at Mukran port, an FSRU-based regasification facility offering throughput capacity (cargo transfer, storage and regasification) to large gas suppliers and energy traders, with output injected directly into the German long-distance gas grid.

Product overview

Deutsche ReGas operates a portfolio of energy infrastructure projects focused on LNG terminals and hydrogen solutions. The core offering is the ENERGIE-Terminal 'Deutsche Ostsee' in Mukran, a floating LNG regasification terminal that has been in commercial operation since September 2024 with a capacity of 13.5 bcm/year. Complementing this are two hydrogen initiatives: the H2-Elektrolyseur Lubmin for green hydrogen production via PEM electrolysis (Phase 1: 210 MW, Phase 2: up to 400 MW), and the H2-Importterminal Lubmin, which will be the world's first floating import terminal converting green ammonia to hydrogen using Höegh Evi technology.

Differentiator

Problem solved

Functional benefit

Products and services

• ENERGIE-Terminal 'Deutsche Ostsee' Floating LNG storage and regasification terminal (FSRU) located at Mukran port, Germany. Operational since September 2024, it offers regasification capacity of up to 13.5 bcm/year, accommodates LNG carriers up to 266,000 m³, and serves as Germany's largest direct injection point into the national gas transmission network for use by large gas suppliers and energy traders.
• H2-Elektrolyseur Lubmin Planned green hydrogen production facility at Lubmin using PEM (Proton-Exchange Membrane) electrolysis technology with up to 75% efficiency. Phase 1 capacity is 210 MW producing approximately 30,000 tonnes of green hydrogen per year, with Phase 2 expandable to 400 MW and up to 80,000 tonnes annually, supplying industrial customers connected to the German hydrogen core network.
• H2-Importterminal Lubmin World's first planned floating import terminal for large-scale conversion of green ammonia to green hydrogen at Lubmin. Designed for approximately 30,000 tonnes of hydrogen per year using Höegh Evi's green ammonia cracker technology, with a 12,000 m³ storage tank mounted on a pontoon solution.

Quantifiable outcome

• Up to 13.5 bcm/year regasification capacity
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and major.

• Höegh EvicoreTechnology or IntegrationHöegh Evi is the ship owner providing the FSRU Neptune for the Deutsche Ostsee terminal in Mukran. They are the world's leading provider of maritime energy supply infrastructure. Höegh Evi also collaborated on the H2 import terminal project, providing ammonia cracker technology embedded in a barge solution for converting green ammonia to green hydrogen.
• Total EnergiescoreTechnology or IntegrationTotal Energies is the charterer of the FSRU Neptune, providing the vessel for the Deutsche Ostsee terminal operations. The vessel (FSRU Neptune, IMO 9385673, flagged Oslo, Norway) is owned by Höegh and chartered by Total Energies for use at the Mukran terminal.
• GASCADEcoreStrategic or Co-development PartnerGASCADE operates the pipeline network (EUGAL, NEL, OPAL) at Lubmin where Deutsche ReGas terminals inject gas. GASCADE is leading the 'Flow - making hydrogen happen' project to convert the OPAL pipeline for hydrogen transport as part of the German Hydrogen Core Network (~9,200 km). Deutsche ReGas is an associated partner supporting hydrogen infrastructure development.
• Flow - making hydrogen happenmajorStrategic or Co-development PartnerThe Flow project aims to convert existing natural gas pipelines to hydrogen transport. With approximately 1,100 km of pipeline, it will create a North-South transport route as part of the German Hydrogen Core Network. Deutsche ReGas is an associated partner, supporting infrastructure for hydrogen from its production and import facilities.
• Hafen Lubmin (Port of Lubmin)coreOthersThe Port of Lubmin provides port infrastructure for Deutsche ReGas operations. The former LNG terminal was located here. The industrial port offers multimodal connectivity including sea access, inland waterways, A20 highway, rail connection via EWN GmbH werkbahn, and proximity to GASCADE gas stations.
• Hafen Mukran (Port of Mukran)coreOthersThe Port of Mukran provides industrial port infrastructure where the Deutsche Ostsee terminal operates. Deutsche ReGas is the largest net payer in the port. The terminal presence has attracted further investments such as Outokumpu's bio-carbon plant.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Excelerate Energy: US-listed FSRU operator providing floating regasification infrastructure globally, including in Northern Europe. Closely comparable business model of deploying FSRUs under medium-term charters to enable LNG imports.
• Deutsche Energy Terminal (DET): State-owned German FSRU operator running the Brunsbüttel, Wilhelmshaven, and Stade LNG terminals. Direct competitor to Deutsche ReGas in the German regasification market and the target of Deutsche ReGas's EU state aid legal challenge.
• Uniper: Operates the Wilhelmshaven FSRU-based LNG import terminal in Germany and is a major German gas market participant. Direct competitor for German LNG regasification capacity and downstream gas supply to utilities and industry.
• Höegh Evi: World's leading FSRU provider and owner of the FSRU Neptune chartered to Deutsche ReGas's Deutsche Ostsee terminal. A direct peer as an FSRU-based regasification infrastructure provider and the technology partner on Deutsche ReGas's planned ammonia-to-hydrogen import terminal.

Broad incumbents

• TotalEnergies: Global integrated energy major that is both the charterer of the FSRU Neptune at Deutsche ReGas's Mukran terminal and a major LNG supplier into the German market. Competes as a cargo provider while also being a key counterparty.
• RWE: German utility that imports LNG via its Brunsbüttel FSRU and is a large gas-fired power generator in Germany. Competes with Deutsche ReGas for German LNG throughput allocation and downstream gas demand.
• Vopak: Dutch global independent tank storage operator with significant LNG and gas storage terminal assets, including in Northwest Europe. Comparable as a third-party terminal operator providing regasification and storage services to LNG market participants.

Regional players

• Fluxys: Belgian gas infrastructure operator operating the Zeebrugge LNG terminal and hydrogen infrastructure projects. Comparable as a Northwest European LNG terminal and hydrogen infrastructure operator serving the wider European gas market.
• Snam: Italian gas transmission system operator that is developing hydrogen infrastructure in Italy. Comparable as a regional European gas infrastructure operator pivoting toward hydrogen and as a potential offtake route for German hydrogen exports.
• Gasunie: Dutch state-owned gas infrastructure operator that is a regional peer in Northwest European gas transmission and is developing hydrogen infrastructure in the Netherlands. Comparable as a regulated gas grid operator in a neighboring market and as a hydrogen infrastructure developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/deutsche-regas

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deutsche Regas