Dutch companies plan nation’s third LNG terminal

Tuesday, 18 December 2007

Gasunie, the Dutch natural gas infrastructure company and Royal Vopak, the world's largest tank terminal operator, have agreed to join with Essent, the biggest Dutch power company, to move ahead on the Eemshaven venture.

The terminal would be the third Dutch LNG facility under development.

The three companies have signed a Heads of Agreement. As part of the deal, Gasunie and Vopak each acquire a 25 percent stake in the project, while Essent keeps a 50 percent stake.

 

Gasunie and Vopak are also partners in the Gate LNG terminal project. The Gate terminal is planned for the Maasvlakte in the Port of Rotterdam. That project would have an initial throughput capacity of 9 billion cubic metres (Bcm) per annum.

 

The throughput capacity of the planned terminal at Eemshaven port would be a maximum 12 Bcm per year.

 

Gasunie and Vopak have taken the final investment decision on the Gate terminal project, in which Essent will also participate, both as a customer, for 3 Bcm gas throughput, and as a five percent shareholder.

 

The third Dutch terminal being developed is also in Rotterdam and is being built by the LNG company 4Gas.