The KfW, on behalf of the German Federal Government, Gasunie (100% owned by the Dutch state), and RWE signed a Memorandum of Understanding on a joint project to build a terminal for the import of liquefied natural gas at Brunsbüttel. The KfW will acquire 50% of the shares in the LNG terminal for the Federal Government. Gasunie will operate the facility. The terminal will have an annual regasification capacity of 8 billion m3 and provide a possibility to import gas directly to the German market from regions which cannot be reached by gas pipelines. In this way, the project will improve Germany’s energy security and help north-western Europe to become less dependent on imports of gas through pipelines. The partners in the project are working to realise the venture as quickly as possible whilst complying with all the rules governing authorisations and State aid.Going forward, the intention will be to refit the terminal so that it can process green hydrogen derivatives like ammonia.