Uniper SE and Mitsui O.S.K. Lines enter into agreement on Floating Storage and Regasification Unit (FSRU) project in Wilhelmshaven, Germany. Namely, the FSRU project has a send-out capacity of 10 bcm/a and an LNG storage capacity of 263,000 cbm.
As stated in the press release, the facility is expected to begin its operations as early as the second half of 2022.
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Wilhelmshaven is the only German deep-water port and can be reached without any tidal constraints. In addition, Wilhelmshaven is well closely located to the existing pipeline and gas storage infrastructure.
Moreover, MOL stated that it will own, operate and finance the FSRU, whereas Uniper will be the project developer, collaborating with the relevant authorities to receive permits for the operation of the facility.
The FSRU technology is commonly used in the LNG industry. In comparison to an on-shore facility, a FSRU can be built cheaper and faster. Risks arising during the construction period are reduced
Finally, the FSRU will be designed to allow for the loading of small-scale barges to enable the use of LNG as marine fuel. Further, onward transportation of LNG on trucks will be possible.
