Gasunie and Vopak new partners of Essent in LNG project Eemshaven, the Netherlands

abarrelfullabarrelfull wrote on 15 Jul 2012 13:26

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Gasunie and Vopak agreed with Essent to participate in the preparations of a new LNG import terminal in the Eemshaven port, the Netherlands Heads of Agreement signed Gasunie and Vopak each acquire a stake of 25% in the project.

N.V. Nederlandse Gasunie (Gasunie) and Koninklijke Vopak N.V. (Vopak) have agreed with Essent N.V. to further develop the Eemshaven LNG project. Companies have signed a Heads of Agreement. As part of the deal, Gasunie and Vopak each acquire a 25% stake in the project, while Essent keeps a 50% stake.

Gasunie and Vopak are partners who took the initiative to develop Gate terminal, the first Dutch LNG import terminal, which will be built at the Maasvlakte in the Port of Rotterdam, the Netherlands. The Gate terminal has an initial throughput capacity of 9 billion cubic meter (bcm) per year and can be expanded to a maximum of 16 bcm per year. The throughput capacity of the planned terminal in the Eemshaven port will be maximum 12 bcm per year.

Gasunie and Vopak have taken the final investment decision on the Gate terminal project, in which Essent will participate, both as a customer (for 3 bcm gas throughput) as well as a shareholder (5%).

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