LNG

Dec 1 (LNGJ) - Royal Vopak, the world’s leading independent tank storage company, has completed the acquisition of a 50 percent shareholding in the second LNG import facility in the Netherlands, located at Eemshaven in Groningen. The facility was launched in September 2022 by Dutch utility Gasunie, Vopak’s partner in the Rotterdam LNG terminal. “Gasunie and Vopak are working to increase the capacity further towards 10 billion cubic metres (from 8 Bcm per year), highlighting the commitment of the partners to jointly develop and operate open-access LNG infrastructure and contribute to the energy security of Europe,” said Vopak.

   The total investment by Vopak to acquire the 50 percent of the EemsEnergy Terminal company is just above €80 million ($87.4M). Vopak has also completed the sale of its three chemical terminals in Rotterdam, the Botlek, TTR and Chemiehaven facilities, to Infracapital for a total purchase price of €407M. “Total cash receipt net of transaction costs and net debt items at closing is €372M,” the company said.

 Sept 19 (LNGJ) - Royal Vopak, the Dutch global storage company and LNG sector participant, has reached agreement with Infracapital on the sale of Vopak chemical terminals in Rotterdam. Vopak, whose latest LNG investment was taking a 50 percent stake in the Dutch Eemshaven terminal in Groningen with utility Gasunie, said it reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam, the Botlek, TTR and Chemiehaven facilities for a total price of €407 million ($434M).

   Infracapital, an equity investment arm of M&G Plc of the UK, is a specialist European infrastructure investor and has a track record of owning assets in the Netherlands. The transaction is subject to customary closing conditions and is expected to close before the year-end. “Although within Vopak we will surely miss our colleagues at the chemical terminals in Rotterdam, we are convinced that our customers and colleagues will be well served by partnering with Infracapital who is a long-term and an experienced infrastructure investor,” said Patrick van der Voort, Vopak’s Business Unit President.