Natural gas and LNG are a critical component of the energy mix, reflecting its role as an available, reliable, and flexible fuel source with a lower emissions profile than coal and fuel oils.
LNG enables countries with limited indigenous production and/or pipeline connectivity to access the global natural gas markets. New investment in LNG infrastructure is required in high-income and emerging economies that plan to rely on gas to accelerate their shift away from more carbon intensive energy sources, grow their dispatchable energy supply and diversify supply routes in response to challenging geopolitical conditions.
WaveCrest Energy was formed by Macquarie Capital to develop solutions that enable the role of LNG in energy security and decarbonisation in existing and new markets where it is needed. It oversees projects that aim to provide end-users with reliable access to natural gas, in turn helping them reduce their direct emissions by enabling fuel switching.
Uniquely positioned to provide an end-to-end project solution, WaveCrest provides access to flexible capital, development and financing capabilities, technical and operational expertise, and physical commodity solutions.
Most recently Macquarie Capital and WaveCrest supported the development of the Deutsche Ostsee LNG import terminal, Germany’s first privately funded LNG terminal. In addition to providing development and construction capital to the project, WaveCrest integrated with the Deutsche ReGas team to help bring the terminal to successful completion by providing critical technical, operational and commercial capabilities.
WaveCrest Energy is pleased to be part of such a technically challenging and economically important project for Germany. We are well positioned to provide smart capital to projects by combining the strength of our owner, Macquarie Capital, with our team’s industry-leading expertise."
Rob Bryngelson, WaveCrest CEO