Electricity generation and energy trader Uniper SE and liquefied natural gas (LNG) bunkering player Titan LNG on Thursday (17 January) signed a Memorandum of Understanding to accelerate the growth of LNG as a fuel in the downstream markets for road and shipping in Germany.
The parties are planning to develop a user-friendly technical interface and commercial products for small-scale LNG players from the Wilhelmshaven Floating Storage and Regasification Unit (FSRU) for LNG.
The terminal in Wilhelmshaven will enable the loading of small LNG seagoing vessels and barges. In addition, several truck loading bays are planned to enable the onward transport of LNG by road.
With its proximity to the Jade Weser Port, Bremerhaven and the German Bight, Wilhelmshaven is a very suitable location to supply LNG for all downstream markets and in particular for marine fuels, says both parties.
“Titan LNG is pleased that we can contribute the know-how we have built up over the last six years to this project for the LNG downstream market,” said Niels den Nijs, Chief Executive Officer of Titan LNG.
“We believe that the short distances to the markets will help to boost LNG as a fuel. Our existing and future customers will benefit from the economic and environmental advantages of this fuel.”
Uniper is currently developing a FSRU at its Wilhelmshaven site. The FSRU will have a natural gas send-out capacity of 10 billion cubic meters per year and an LNG storage capacity of more than 263,000 m³.
The terminal is scheduled to go into operation in the second half of 2022.
“The agreement with an experienced and established market player in the small-scale LNG sector such as Titan LNG is another important step for the FSRU Wilhelmshaven project,” said Keith Martin, Member of the Executive Board and Chief Commercial Officer of Uniper.
“Titan LNG has extensive know-how in the development of attractive products for customers in this segment. With Wilhelmshaven, we offer a first-class location for supplying the shipping and road fuel markets with LNG.
“With this cooperation, the FSRU Wilhelmshaven project can make an important contribution to reducing CO2 and pollutant emissions.”
Photo credit: Titan LNG
Published: 18 January, 2019
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