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Regulation

After constructive discussions with the German regulatory authority (Bundesnetzagentur) German LNG Terminal GmbH has received the draft exemption decision from the Bundesnetzagentur. The draft decision, to be reviewed by the Federal Cartell Office and the European Commission, states that the terminal will be exempted from tariff- and network access regulation on a long term basis and applies to the total annual throughput capacity of 8 billion cubic metres of gas, which is in line with the application of German LNG Terminal GmbH and provides a stable regulatory regime to its customers. This is another important step in the development of the first German LNG terminal and a critical milestone on the way to a positive investment decision.