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Project Insights

Exxon agreement pushes Wilhelmshaven FSRU closer to FID

The involvement of both Exxon and Qatar Petroleum in the German project suggests Uniper may be able to secure a return on its investment and progress to an FID soon The involvement of both Exxon and Qatar Petroleum in the German project suggests Uniper may be able to secure a return on its investment and progress to an FID soon.
By Silvia Favasuli 28 January 2019 Europe & Russia / LNG 0 33875
Artist's impression of the Wilhelmshaven FSRU. (LNG Wilhelmshaven)

The decision of United States major ExxonMobil to book capacity at the planned Wilhelmshaven LNG terminal in Germany suggests developer Uniper may soon be ready to take an FID on the project. Exxon signed a heads of agreement on Friday to book long-term capacity at the FSRU-based terminal, which is due to start up in 2022 with a processing capacity of 10 billion cubic metres per year. 

Uniper said in a note that the volume booked by Exxon was “substantial” and that a binding agreement is...