Energos Freeze FSRU sub-charter dispute resolved

Deutsche ReGas and Germany’s Federal Ministry for Economic Affairs and Energy said they have reached a mutual agreement to resolve a dispute over a sub-charter agreement for the floating storage and regasification unit (FSRU) Energos Power.

The agreement has a retroactive effect from February 2025.

"This agreement corresponds to the express will of both contracting parties. All open issues arising from the contractual relationship regarding the FSRU Energos Power have been conclusively settled. The parties have agreed not to disclose further details of the agreement," a joint statement from the organisations read.

Deutsche ReGas recently terminated its charter of the Energos Power FSRU at Mukran, cutting the terminal’s regasification capacity in half. According to an Argus Media report, the decision stemmed from pricing disagreements with state-controlled Deutsche Energy Terminal. Although Energos Power remained in German waters awaiting a resolution of the dispute, other parties, including Egyptian LNG interests, have reportedly expressed interest in leasing the vessel.

Deutsche ReGas managing shareholder Ingo Wagner said, “We have found an amicable and mutually satisfactory out-of-court solution within a very short period of time. We thank the employees involved in the Federal Ministry for Economic Affairs and Energy for the constructive and co-operative solution. This reflects the good co-operation between Deutsche ReGas and the Federal Ministry for Economic Affairs and Energy to ensure energy security in Germany.”