LNG

Australian liquefied natural gas plant operator Woodside Petroleum has agreed with German utility subsidiary Uniper Global Commodities to double the supply of LNG cargoes under a previous agreement signed with Düsseldorf-based energy and power company.

Nov 9 (LNGJ) - LNG Terminal Wilhelmshaven GmbH, the developer of a floating regasification facility on the German North Sea coast led by the utility company Uniper, said it was re-evaluating its plans. Uniper itself explained that this situation had been caused by the reluctance of market players to make binding bookings for import capacities in the current circumstances. Uniper CEO Andreas Schierenbeck said that LNG was a growth market and natural gas is playing a bigger part in ensuring security of supply and in decarbonizing the global energy system.

   “This is why Uniper is committed to ensuring a secure supply of LNG both now and in the future. But it's also clear that all considerations must meet the same strict economic criteria,” added the Uniper CEO. “We will now discuss all this in depth with those who, like me, consider the development of such an import terminal in Germany to be a fascinating idea and will continue to support it,” stated Schierenbeck.

Germany utility and energy company Uniper outlined its strategy of focusing more on pipeline natural gas, LNG and gas-fired power while exiting coal as it swung to an annual profit from a loss the previous year.