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    Gate LNG shareholders plan expansion

Summary

The decision, taken amid a severe gas supply crunch in Europe, will bring the terminal's overall import capacity to 13.5bn m3/year.

by: Joseph Murphy

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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.

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.