German utility Uniper agreed with ExxonMobil to take a substantial share of the regasification capacity at a liquefied natural gas (LNG) floating terminal planned for Wilhelmshaven in Germany, the company announced on Friday.
"The heads of agreement is an important step towards the realization of the Wilhelmshaven FSRU [Floating Storage Regasification Unit] project," said Keith Martin, Uniper’s chief commercial officer.
"The FSRU will provide LNG companies from the U.S., but also other countries from around the world with the opportunity to deliver LNG into the German and European market," Martin said.
Uniper plans to enable the FSRU at their site in Wilhelmshaven as early as the second half of 2022, the company said.
The FSRU has a planned send-out capacity of 10 billion cubic meters per annum and an LNG storage capacity of around 263,000 cubic meters.
In December 2018, Uniper entered into an agreement with Japanese shipowner Mitsui O.S.K Line (MOL) who will own, finance and operate the FSRU.
By Murat Temizer