Uniper reviews Wilhelmshaven LNG terminal on market uncertainty

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German utility Uniper on Friday said it would review plans for a liquefied natural gas terminal in Wilhelmshaven, citing reluctance by market players to make binding bookings for import capacities.

FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgenon Friday said it would review plans for a liquefied natural gas terminal in Wilhelmshaven, citing reluctance by market players to make binding bookings for import capacities.

“Numerous market players took part in the procedure and expressed general interest, but not enough of them have made their booking intentions binding,” Uniper said in a statement. New options for LNG Terminal Wilhelmshaven GmbH , a wholly owned unit of Uniper, include using it as an import port for environmentally friendly gas. Importing hydrogen would also be a possibility in the long-term, Uniper said.

The Wilhelmshaven project is one of three proposed LNG terminals in Germany and aimed at diversifying the energy supply of Europe’s largest economy.

 

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