Colombian LNG terminal operates at full capacity to support power grid as ‘El Niño’ affects hydro-electric system
The floating LNG import terminal operating company in the South American nation of Colombia said LNG deliveries reached record levels to respond to the increase in demand for gas-fired power as drought conditions caused by the “El Niño” phenomenon reduced hydro-electric supplies.
Dutch global storage company Royal Vopak increases earnings amid more LNG and other energy projects
Royal Vopak, the Dutch global storage company and LNG sector participant, reported higher net profits and revenues for the second quarter as it enacted a mixture of projects reflecting energy market developments.
Vopak posts surge in net profits amid EU LNG expansions and energy joint ventures in Canada and India
Royal Vopak of the Netherlands, the world’s leading independent tank storage company and a leading liquefied natural gas terminals shareholder, posted higher first-quarter net profits and revenues as it continued to develop European Union LNG infrastructure and expanded energy joint ventures in Canada and India.
Gasunie studies Eemshaven and Rotterdam LNG expansions but drops Terneuzen port as short-term option
Gasunie, the Dutch utility and LNG import terminal shareholder in the Netherlands and Germany, said it was working on options to increase LNG with further expansion of the existing capacity off the North Sea port at Eemshaven and at the Gate facility in Rotterdam.
Gasunie admitted that a recently announced feasibility study had shown that a new floating LNG terminal in the port of Terneuzen in the Dutch Zeelandic region was not feasible in the short term.
“In this study, Gasunie is working closely with Vopak,” said the utility in reference to the Dutch storage company and its partner in the Rotterdam terminal.
“The aim of realising temporary LNG import capacity in Terneuzen in the short term and for a limited period proved to be technically and commercially unfeasible,” explained Gasunie.
“It is therefore unwise to embark on the construction of a temporary additional terminal,” it added.
“Gasunie thanks its project partners and stakeholders in Zeeland for the good cooperation in the study phase,” stated Groningen-based Gasunie.
Brunsbüttel stake
Gasunie is additionally a shareholder in the proposed German onshore LNG import terminal at Brunsbüttel on the Elbe River.
Its partners in Brunsbüttel are the German utility RWE and the German federal finance agency, Kreditanstalt für Wiederaufbau (KfW).
Gasunie said that the exploration of a new floating LNG terminal in the Netherlands is part of a broader package of proposed measures to increase LNG import capacity.
“This is necessary to cope with the loss of Russian natural gas and reduce scarcity of gas in the European market,” said the company.
Gasunie said it would continue to explore new opportunities for import capacity.
“For example, work is now continuing on initiatives to further expand the existing capacity of the LNG terminals in the Netherlands at Maasvlakte (Gate terminal) and in Eemshaven,” said the company.
“At the Gate terminal, this involves a possible fourth tank with a capacity of 4 billion cubic metres of natural gas and at Eemshaven, a technical optimisation of the existing plant is being investigated,” it added.
“The ambition of EemsEnergy Terminal is to be able to handle 9 billion cubic metres of natural gas before the end of this year and then to grow to 10 Bcm,” stated Gasunie.
Dutch capacity up
Nov 11 (LNGJ) – Royal Vopak, the Dutch storage company and shareholder in the Gate LNG import terminal in Rotterdam, reported a growing footprint in industrial terminals in China and increased send-out capacity at Gate LNG.
Vopak posted net profits of €80.5 million ($81.1M) versus €71.2M in the same three months of 2021. Gross earnings in the quarter came to €227.4M compared with €257.3M in the 2021 quarter. Revenues rose to €349.6M from €309.5M in the prior-year quarter. “Our strong third-quarter performance demonstrates that our well diversified infrastructure portfolio uniquely positions Vopak to serve our customers amidst highly uncertain times,” said Chief Executive Dick Richelle.
Dutch Gate LNG import terminal in Rotterdam proceeds with open season to test interest and issues details
The Dutch Gate LNG import terminal in Rotterdam, a joint venture between Dutch utility Gasunie and global storage company Royal Dutch Vopak, is proceeding with its open season to gauge market interest in an additional 4 billion cubic metres per annum of capacity.
Rotterdam reports LNG import surge and impacts on Russian cargo as Dutch advance second LNG facility
The Port of Rotterdam in the Netherlands said in its first-quarter report that liquefied natural gas throughput increased by 77.7 percent via the Gate LNG import terminal while the Dutch are also moving ahead with a second facility at the port of Eemshaven.
German utility Uniper arranges increased capacity rights at Dutch Gate LNG import terminal in Rotterdam
Uniper, the German utility and European liquefied natural gas capacity holder and cargo trader, said it had arranged increased capacity rights at the Dutch Gate LNG import terminal in Rotterdam.
Royal Vopak earnings increase along with Netherlands gas supply role while Hong Kong LNG start-up nears
Royal Vopak, the Netherlands-based global storage company with four stakes in liquefied natural gas terminals and a new LNG import project for Hong Kong, reported a 7 percent increase in earnings to €827 million ($940M) from €780M in the previous year as soft business conditions persisted in energy storage.
South American nation of Colombia studies Cartagena LNG terminal expansion to meet higher demand
Promigas, the utility company in the South American nation of Colombia, said it was studying a boost in regasification capacity at its Cartagena floating LNG import terminal on the Caribbean Coast to meet increasing demand.
