MOL closes in on Wilhelmshaven FSRU project

MOL closes in on Wilhelmshaven FSRU project

German gas provider Uniper and Japanese shipping giant Mitsui OSK Lines (MOL) have cemented plans to develop a 263,000 cu m FSRU in Wilhemshaven. The aim is to get the project running as early as the second half of 2022. MOL will own, operate and finance the FSRU with Uniper acting as project developer.

Keith Martin, chief commercial officer of Uniper, commented: “Our partnership with MOL combined with the FSRU technology as well as Wilhelmshaven’s uniqueness in Germany, provide the fastest and most economical way to realise LNG imports directly into Germany.”

In addition to the FSRU agreement the two parties have also tied up an LNG shipping deal whereby a 180,000 cu m LNG carrier will haul gas for Uniper from Freeport in the US starting at the end of 2020.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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