LNG

Feb 9 (LNGJ) - The Gate LNG import terminal in The Netherlands posted a decrease of around 26 percent in throughput volumes during 2016 compared with last year, according to the annual earnings report from the Port of Rotterdam. LNG throughput reached 1.7 million tonnes compared with 2.3MT in 2015. “Although the extent of throughput of LNG is still modest, it more than doubled in the first six months of the year,” the port said. “The principal reasons for this were the gradual decline of the LNG price in Asia and the increase in the re-export of LNG to industrial clusters in Europe; where there has been a shift from fuel or gas oil to LNG as the fuel for production processes,” the port said. However, the port pointed to rising demand from inland vessels and trucks refueling with LNG in Rotterdam and a growing number of sea-going vessels adopting the dual-fuel system.