Gate LNG shareholders plan expansion
The shareholders at the Gate LNG import terminal in the Netherlands have decided to expand the facility's capacity by a further 1bn m3/year, they said on October 11.
The decision, taken amid a severe gas supply crunch in Europe, will bring the terminal's overall capacity to 13.5bn m3/yr, Gate Terminal, a 50:50 joint venture between Gasunie and Royal Vopak, said on October 11. The extra capacity should become available from October 1, 2024.
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Gasunie and Royal Vopak announced in July they would add an extra 0.5bn m3/yr to Gate LNG's capacity, which is currently 12bn m3/yr, citing the facility's high utilisation rate. The latest expansion plan is supported by Germany's Uniper, which will be the terminal's largest capacity holder with a 4bn m3/yr long-term booking from 2024 onwards.