Uniper intensifies LNG plans with Japan's Mitsui OSK

Monday, December 17, 2018

Mitsui OSK Lines to own, fund FSRU in Wilhelmshaven; FSRU could be operational in H2 2022.

Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK Lines to handle potential deliveries of liquefied natural (LNG) gas into Germany.

Discussions about LNG have flared up recently as the German government wants to diversify away from pipeline gas arriving from Russia, Norway and the Netherlands. Suppliers, most notably Qatar and the United States, have expressed interest.

In its efforts, Uniper is banking on Wilhelmshaven - which is close to its storage facilities - as the site for a German LNG terminal and has previously said that it was in talks with interested parties to build a floating storage and regasification unit (FSRU).

Uniper said on Monday that Mitsui intended to own, operate and fund the FSRU, which has a planned send-out capacity of 10 billion cubic metres per year and LNG storage capacity of 263,000 cubic metres.

The unit could be in operation as early as the second half of 2022, Uniper said.

"We are glad that we were able to get such an experienced partner as Mitsui OSK Lines on board for the development of Germany's first LNG terminal," Uniper board member Keith Martin said in a statement.

Uniper said it also entered into a binding transportation agreement with Mitsui, under which the group will provide Uniper with 180,000 cubic metres of LNG shipping capacity from December 2020.

It will use the capacity partly to optimise LNG volumes from Freeport in the United States, the company said.


Reporting by Christoph Steitz

Categories: Ports LNG Shale Oil & Gas FSRU

Related Stories

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

EnerMech Names APAC Regional Chief

Marine Masters Secures Wellhead Platforms Installation Job Off India

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

SLB Names Raman CSO, CMO

Japan's Mitsui Eyes Alaska LNG Project

European LNG Imports Up with Asian Influx

VIDEO: AIRCAT Crewliner takes Shape to Service Offshore for TotalEnergies Angola

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Flare Gas Recovery Meets the Future

Current News

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com