A first floating storage and regasification unit is being readied to start operations before the end of this year in Wilhelmshaven on the north-west German coastline of the North Sea.

Project sources revealed to TradeWinds that the RWE-chartered FSRU, the 170,000-cbm Hoegh Esperanza (built 2018), will be in place at the German port before the end of this year.

Commissioning cargoes are also understood to have been acquired for the new facility, which will be operated by German trader Uniper.