Teesside WaveCrest LNG Terminal

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Teesside WaveCrest LNG Terminal, also known as Teesside Flexible Regas Port, is a liquefied natural gas (LNG) import terminal proposed in the United Kingdom.

Location

The terminal is proposed to be located in Teesside, Middlesborough, England, United Kingdom.

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Project details

• Operator: WaveCrest Energy LLC

• Owner: WaveCrest Energy LLC

• Parent company: Macquarie (WaveCrest's direct parent is Macquarie Capital)

• Location: Teesside, Middleborough, England, United Kingdom

• Coordinates: 54.57423, -1.23496 (approximate)

• Capacity: 6 mtpa (8.2 bcm/y)

• Status: Proposed

• Type: Import

• Start year: 2026

• Cost:

• Financing:

• FID status:

• Associated infrastructure:

Background

In March 2024, WaveCrest Energy LLC announced market capacity for a proposed terminal in Teesside, England. The project could deliver up to 248.5 GWh per day of natural gas, which it said is equivalent to around 17% of the country’s natural gas demand. The facility will include onshore storage and regasification equipment and a marine jetty for unloading LNG tankers. The sponsors said that construction would take less than a year, with an anticipated start date in 2026.

According to WaveCrest Energy, "the project is classified as a Nationally Significant Infrastructure Project and will be seeking a Development Consent Order from the Secretary of State for Energy Security and Net Zero."

An existing proposal to recommission Trafigura's Teesside GasPort FSRU project was active as of April 2023. As of the time of WaveCrest's proposal, it was unclear whether its project would be in any way related to Trafigura's facility.