LNG

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.

Japanese shipping company Mitsui OSK Lines and a subsidiary of German utility Uniper signed a contract to build and charter an LNG floating storage and regasification unit for the planned import terminal at the German North Sea port of Wilhelmshaven.